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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