Business leaders across New Zealand have voiced concerns that Donald Trump's tariffs could have a more severe global impact than the Covid-19 pandemic and the Global Financial Crisis. 

The months since Trump’s 'Liberation Day' announcement have seen sustained market volatility, tit-for-tat trade wars and fears of a resurgence in inflation.

New Zealand Initiative executive director Oliver Hartwich says experts are right to be concerned - as Trump's tariffs could potentially derail the economy for years to come.

"The GFC and the pandemic were over after three of four years, whereas the destabilisation of globalisation with the tariffs Trump is imposing - that could derail the economy for decades to come. There's so much uncertainty about it."

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Business leaders across New Zealand have voiced concerns that Donald Trump's tariffs could have a more severe global impact than the Covid-19 pandemic and the Global Financial Crisis.&nbsp;
The months since Trump’s 'Liberation Day' announcement have seen sustained market volatility, tit-for-tat trade wars and fears of a resurgence in inflation.
New Zealand Initiative executive director Oliver Hartwich says experts are right to be concerned - as Trump's tariffs could potentially derail the economy for years to come.
"The GFC and the pandemic were over after three of four years, whereas the destabilisation of globalisation with the tariffs Trump is imposing - that could derail the economy for decades to come. There's so much uncertainty about it."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Oliver Hartwich: New Zealand Initiative executive director on the impact of the Trump tariffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5fc7dce3-2508-4134-ab26-b2f20075306b/transcript