New US tariff raises costs for New Zealand wine exports

The United States has raised tariffs on New Zealand wine to 12.5%, up from a temporary 10% rate, following an investigation into forced-labour import prohibitions. New Zealand wine didn't make the exemption list, even though other NZ products like beef and kiwifruit were excluded. Since the US is New Zealand's largest wine export market, accounting for over a third of NZ wine earnings, the additional duty will likely squeeze margins or push retail prices higher for importers, distributors and consumers.