US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling

US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling

China and the US both lose from a tariff war, and global economic activity will decline. But New Zealand’s existing free trade agreements should cushion the blows.

The impacts of war

The US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling from Niven Winchester shows

Faced with commercial tensions between China and the United States, the governor of São Paulo, Tarcísio de Freitas (Republicans), stated that the State is already acting to protect its industry and that the main instrument available is tax policy. “The main form (of protection) is through a tax issue. That's why we have to continue what we're doing,” he said, citing cost-cutting measures and privatizations implemented in recent years. “This give…