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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.
LISTEN ABOVE
- ‘Truly a moron’: Elon Musk blasts Trump’s top tariff adviser
- Watch: Willis will not change forthcoming Budget as Trump tariffs hit NZ economy
- ‘The world as we knew it has gone’: 50 nations push for negotiations on Trump tariffs
- Reserve Bank cuts Official Cash Rate by 25 basis points to 3.5%
- 'Tariff wars miss the point': Zuru co-founder Nick Mowbray criticises US tariff plan
- Trump's tariff blitz good news for Kiwi motorists as oil prices slump
- ‘Rough day ahead’: NZ stocks dip in US tariffs market meltdown
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