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According to the New Zealand government, these food products represent around 25 per cent of the country's exports to the US and are worth roughly NZ$2.21 billion ($1.25 billion) annually. New Zealand beef imports into the US have incurred a loss of over NZ$300million following the tariffs, despite strong demand and firm prices in the past couple of months.
The ASX 200 plunged at opening on Monday, deep in the red. Investors are in full sell-off mode, fearing a global recession. Meanwhile, the Aussie dollar has sunk below 60 US cents, a level not seen consistently in decades. By…
The Reserve Bank of Australia (RBA) has issued a stark warning about the risks posed by ongoing U.S. trade and tariff policies, emphasizing their potential to disrupt global economic stability. The bank's semi-annual Financial Stability Review highlighted growing concerns that…