Christopher Luxon’s trip to India started positively with successful trade negotiations and strengthened ties with Prime Minister Narendra Modi, but he stumbled when discussing the timeframe for a free trade deal. Luxon had initially promised to secure a deal by the end of his term, but later suggested it could be done by the end of the year, raising doubts about his ability to deliver on his commitments. Despite the progress made in negotiations, concerns remain about the timeline and Luxon’s tendency to set self-imposed deadlines.
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Trade minister says Trump may impose 15% or even 20% tariff as deadline expires today
Trade Minister Todd McClay indicated that US President Donald Trump may impose tariffs of 15% or even 20% on over 125 countries, including New Zealand, as announced during his Liberation Day speech. While Trump has reached 11 trade deals and paused tariff increases for Mexico, McClay noted a lack of detail regarding the implications of these agreements. Want More Context? 🔎
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