Trump’s ‘declaration of economic independence’ spells global chaos

The US president announced a global tariff programme imposing new import duties on nearly every trading partner, with a baseline 10% tariff on all goods, including New Zealand. The policy will dramatically raise prices at home, sparking market turmoil and concerns of global retaliation. Despite the impact, countries are already building new trade relationships that bypass the US, signaling a shift in the world trade order.

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