Ripple Effects of Trump Tariffs Leave Gloomy Trade Outlook

Ripple effects of Trump tariffs leave gloomy trade outlook

The global economic uncertainty caused by Donald Trump’s tariffs will likely reduce global demand for New Zealand exports and make the coalition’s goal of doubling exports even more challenging, the Reserve Bank’s chief economist says. However, the fall in export demand is likely to be considerably smaller than that seen following the 2008 global financial crisis, Paul Conway says. Speaking at an Export NZ event on Thursday, Conway said New Zeal…

RBNZ’s Paul Conway says tariffs weaken inflation, so the OCR can be cut further

Tariffs will create a negative demand shock in New Zealand that will strengthen the case for a lower Official Cash Rate, provided inflation continues to cool

Tariffs may lower medium-term inflation risks, curb spending, says New Zealand central banker

Tariffs may lower medium-term inflation risks, curb spending, says New Zealand central banker - Regional Media News

By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -A top New Zealand central banker said on Thursday that while the full impact of U.S. tariffs remains uncertain, they could ease medium-term inflation pressures in the country, although the tariffs might dampen business investment and household spending. As countries redirect exports away from the United States, falling import prices may help lower domestic inflation, Reserve Bank of New Zealan…