Donald Trump's tariffs are having ripple effects here and everywhere. 

Infometrics is drastically reducing its GDP growth forecast from 2.6% to just 1%. 

Many economists now expect the Reserve Bank to go further with OCR cuts than previously forecast, in spite of a likely rise in inflation. 

Fonterra Chief Executive Miles Hurrell told Mike Hosking there will be some kind of global slowdown. 

He says it will start in the US, where consumers are already feeling the impact of the tariffs, but any slowdown in the world's largest economy will ultimately be felt everywhere. 

LISTEN ABOVE 

Donald Trump's tariffs are having ripple effects here and everywhere.&nbsp;
Infometrics is drastically reducing its GDP growth forecast from 2.6% to just 1%.&nbsp;
Many economists now expect the Reserve Bank to go further with OCR cuts than previously forecast, in spite of a likely rise in inflation.&nbsp;
Fonterra Chief Executive Miles Hurrell told Mike Hosking there will be some kind of global slowdown.&nbsp;
He says it will start in the US, where consumers are already feeling the impact of the tariffs, but any slowdown in the world's largest economy will ultimately be felt everywhere.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Miles Hurrell: Fonterra CEO on the impact of Donald Trump's tariffs on the global economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/73d351a4-a71c-45ef-81aa-b2c10154c841/transcript