Donald Trump’s tariffs: Three possible scenarios facing New Zealand

Donald Trump’s “Liberation Day” tariffs have upended the global economy. A 90-day pause of tariffs will see 75 countries drop down to a 10% baseline tariff . Kiwibank economists assessed “upside”, “central” and “downside” scenarios of Trump’s tariffs.

As the world grapples with the whipsaw effects of Donald Trump’s tariffs , Kiwibank economists have outlined three possible scenarios for New Zealand. More than a week after Trump’s “Liberation Day” tariffs blitz upended the global economy, a tit-for-tat trade war with China and a temporary backdown on tariffs have left investors wary and many wondering what next. Last week’s 90-day pause saw reciprocal tariffs reduced to the original baseline tariff of 10% for 75 countries – excluding China and the European Union.



In its latest research, Kiwibank economists assessed “upside”, “central” and “downside” scenarios of Trump’s tariffs..