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"America is lost"

Kia ora,

Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.

I'm David Chaston and this is the international edition from Interest.co.nz.

And today we lead with news the Wall Street and business titans who supported the 2024 Trump campaign are starting to turn on him, one calling the current situation "a clown show".

The show has gotten even more extreme overnight. The US has added another 50% to tariffs on its imports from China, taking the total to 104%.

But first up today, the overnight GDT Pulse dairy auction saw SMP prices…

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