President-elect Donald Trump has threatened to hit Mexico, Canada and China with new tariffs as soon as he takes office.

In a post on social media, Trump promised to charge Mexico and Canada an additional 25 percent tariff on all products they send to the US - and an additional 10 percent tariff will be placed on Chinese goods.

Infometrics Principal Economist Brad Olsen says these trade changes come with ramifications for the rest of the world - New Zealand included.

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.