You're getting confused with a basket of NZ goods that incur a 5% tariff to be phased out over 5 years under the Free Trade Agreement with China. If you doubt the New Zealand Ministry of Foreign Affairs and Trade https://www.tariff-finder.govt.nz/#259001146|CN that infant formula specifically is already 0% tariff and has been since 2015, then I'm afraid nothing will convince you.
A2M Price at posting:
$4.54 Sentiment: Buy Disclosure: Held
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