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Earlier this year, the United States imposed a 15% tariff on a range of New Zealand exports, most notably beef.
It was a huge blow, as beef is a major export for New Zealand - especially to the States. The tariffs have cost the country over $300 million since they were introduced in April.
This weekend, President Donald Trump signed an executive order removing that extra 15% on beef, coffee, and tropical fruits, among others. The move brings us back down to a tariff of less than 1%.
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