Trump’s tariffs cause economic turmoil: What do they mean for NZ?

Donald Trump’s Liberation Day has felt more like a bloodbath for the world economy.

The US President last week announced what he called reciprocal tariffs on almost every country on Earth – as well as some islands uninhabited by human life.

New Zealand was not as impacted as most – with just a10 percent tariff on our goods imported into the US – but the European Union has had a 20% bump on tariffs, while China has received an additional 34% tariff.

More than 50 countries have reportedly sought talks with the US to ease tariffs, but as trillions are wiped off the stock market, what does this all mean in the short term for your wallet?

Today on The Front Page, we’re sorting through the numbers with NZ Herald business editor at large, Liam Dann.

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