Leverage Addicts

Donald Trump’s first 100 days back in office have just cost New Zealand $900 million — and this is only the beginning.

Trump’s new 10% “reciprocal tariff” on NZ exports has blindsided Kiwi businesses and sparked fears of a deeper New Zealand export crisis. In this urgent breakdown, we’re joined by ASB Chief Economist Nick Tuffley to unpack the political decisions, global market reactions, and the future of New Zealand’s economy in 2025.

This isn’t theoretical — it’s happening now. From dairy and agriculture, to logistics, tech, and manufacturing, Trump’s trade war is hitting every sector that keeps NZ’s economy alive.

🔍 In this episode, we cover:
Why Trump is targeting New Zealand exports
How the 10% tariff could crush Kiwi trade

NZ government’s refusal to retaliate: strong leadership or strategic mistake?

Will this spark a 2025 recession in New Zealand?

The NZ budget cuts, rising unemployment, and household impact

What lower interest rates and inflation mean for the recovery

NZ housing market update — is the worst over or just starting?

Real insights from ASB on GDP forecasts, global risk, and trade exposure

Will Kiwi exporters survive a Trump-led trade war?

This is New Zealand vs Trump, and the stakes are real.

Learn more: https://mhq.co.nz/property-investment/trump-just-cost-nz-900-million-and-hes-only-100-days-in/

Creators and Guests

Host
Andrew Malcolm
Managing Director at wealthhq

What is Leverage Addicts?

"Old wealth is built by owning more, new wealth is built by owing more."
Welcome to Leverage Addicts, the podcast for purpose-driven entrepreneurs, investors and hustlers who want to maximize their time and capital by using leverage. Join us as we dive into the world of property investing and explore the different journeys of successful investors. We'll dissect real-world deals and strategies, and give you the tools you need to navigate the market and make the most of your investments. Whether you're just starting out or looking to take your portfolio to the next level, this is the podcast for you. So, come along and learn how to build new wealth by owing more with us.