The Finance Minister says anxiety about tariffs will be playing a part in slowing down New Zealand's economic recovery.
Unemployment's reached a five-year high of 5.2%.
Economists think it could rise even higher before it starts turning around.
Nicola Willis told Mike Hosking tariffs aren't great, but some people may have been more worried than they should be.
She says the tariffs will have affected confidence and investment intentions, but it's important to remember that New Zealand is doing okay compared to the rest of the world.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The Mike Hosking Breakfast