Trump plans significant tariffs on Mexico, Canada, and China, leading to mixed impacts on New Zealand’s trade and economy.
Tariff Impact Overview
Donald Trump plans to impose substantial tariffs on imports from Mexico, Canada, and China. While New Zealand might see an opportunity for increased exports to the U.S., potential challenges exist, including increased prices on goods and decreased demand from targeted countries.
Trade Flow Changes
New Zealand’s exports to the U.S. could rise by NZ$1.2 billion, mainly due to agricultural and manufactured goods. However, exports to China may drop by approximately $965 million, affecting dairy products significantly. Overall, the proposed tariffs may have limited aggregate effects on New Zealand’s economy.
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