As the global economy grapples with the effects of Donald Trump’s “Liberation Day” tariffs, Kiwibank economists have proposed three scenarios—upside, central, and downside—for New Zealand’s economy. Following a 90-day pause, tariffs have been reduced to a 10% baseline for 75 countries, except for China and the European Union, leading to investor caution amidst ongoing trade tensions. The situation remains dynamic as the world assesses the implications of these tariffs and potential future developments in international trade relations.
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US ‘acting in collective self-defence’ claim in New Zealand’s response to bombings – Winston Peters
Foreign Minister Winston Peters acknowledges the U.S. assertion of acting in "collective self-defence" under the UN Charter following its bombings in Iran, while Labour and the Greens urge the New Zealand government to condemn the attacks as violations of international law. Acting Prime Minister David Seymour is expected to address New Zealand's position during today's post-Cabinet press conference. Need More Context? 🔎
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