Time's ticking for US trade partners to sign tariff deals with Donald Trump.
In April, the President announced most countries, including New Zealand, would face a 10 percent minimum levy - but has delayed their implementation.
This week, he's promised to send out what he's calling 'take it or leave it' letters.
Harbour Asset Management's Shane Solly revealed how the markets reacted.
LISTEN ABOVE

Enda Brady: UK correspondent on Donald Trump claiming he's 'not happy' with the UK's response to Middle East conflict
04:47

Paul Bloxham: HSBC chief economist on the RBA increasing the OCR for the second month in a row
05:53

Jamie Mackay: The Country host on the impacts of the Middle East conflict on the dairy sector
04:23