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Kiwi exporters left scrambling as Trump tariffs hit NZ businesses

Author
Newstalk ZB,
Publish Date
Wed, 9 Apr 2025, 6:38pm
Many beekeepers expect to make a loss due to an ongoing glut of honey. Photo / 123RF
Many beekeepers expect to make a loss due to an ongoing glut of honey. Photo / 123RF

Kiwi exporters left scrambling as Trump tariffs hit NZ businesses

Author
Newstalk ZB,
Publish Date
Wed, 9 Apr 2025, 6:38pm

Exporters are scrambling under the sudden imposition of Donald Trump's tariffs. 

The President's signature economic policy has taken effect, with US allies and adversaries all facing tariffs. 

New Zealand's been hit with the lowest rate -10 percent.

Egmont Honey founder James Annabell says the move prompted hasty discussions with US-based buyers.

He explained Costco US knew his company couldn't afford to take on the extra cost - so now it's likely US consumers will bear the brunt of it. 

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