Best of Business

On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional.
The new global tariffs were updated to 15% on Sunday.
Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

US President Donald Trump is pushing ahead with another round of global tariffs, just a day after being told last year’s levies were illegal.
In a post on social media, Trump confirmed he’ll lift the tariffs to 15 percent, higher than the 10 percent rate he announced yesterday.
The move comes after a Supreme Court ruling found his sweeping trade measures from last year were unlawful.
Former US Under Secretary of Commerce and Security Bill Reinsch says this will make it harder for Trump to threaten and bully other countries with even higher tariffs.
"He won't be able to do that anymore, and I think that's why he's really unhappy. It's also a significant limitation on Presidential power, the real importance of this decision is historic."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.
Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.
FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.
The Country's Jamie Mackay explained further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Auckland Airport says it's gaining momentum.
It's reported a four percent increase in revenue in its half-yearly results.
The airport says that lift in revenue is being driven by a two percent increase in passenger numbers to 9.6 million.
Chief Executive Carrie Hurihanganui says there's still more work to do - since numbers still haven't caught up to pre-pandemic levels.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Less confusion over a drink at the local club, as options increase for serving alcohol.
Currently, local sport clubs, RSAs and community clubs can only serve alcohol to members and their guests.
The Government's today announced clubs can now choose to stick with their current license or apply to serve the wider public - like a restaurant or bar.
Clubs NZ CEO, Lucy Waterreus, says many people didn't know these restrictions exist.
"You might have someone that decides to pop into their local club, support a community event - only to discover they actually can't be served."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.