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Consumers, businesses urged to brace for higher tariffs

Author
Newstalk ZB,
Publish Date
Fri, 1 Aug 2025, 11:51am
Photo / File
Photo / File

Consumers, businesses urged to brace for higher tariffs

Author
Newstalk ZB,
Publish Date
Fri, 1 Aug 2025, 11:51am

Donald Trump's latest tariff deadline is rapidly approaching. 

The US President has reached 11 deals and agreed to pause tariff increases for Mexico, ahead of his deadline of 4pm today. 

He's indicated he'll raise the baseline tariff faced by most countries, including New Zealand. 

Federal Tax Economist Alex Durante told Ryan Bridge that overall, consumers and businesses should be bracing for higher tariffs and higher prices going forward. 

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