The Finance Minister has been getting updates about the financial fallout from the latest batch of Trump tariffs.

New Zealand goods have been hit with a 10 percent tariff, as part of President Trump's trade plan. 

Nicola Willis warns these changes will come with 'profound' economic implications for New Zealand.

"We will finalise our economic forecasts, which feed into the Budget - in the next few days, I expect to be briefed on them soon. Of course, the major effect is the estimate that global growth is going to be lower than had been predicted."

LISTEN ABOVE