After US President Donald Trump introduced tariffs on Mexico, Canada, and China one economist warns a potential trade war would have dire consequences for New Zealand exports.
I wouldn’t go so far as to say FTA’s are not worth the paper they are written on, more like some countries are trustworthy and others are not.
Under Trump, the US is on the slippery slope to being an afterthought. If they cannot be relied upon to keep to their agreements, countries will simply reduce the business that they do with them.
I know it seems crazy at the moment, as they are still the largest economy in the world. But if they keep eroding the trust that others have in them, their power will fade. The world will work around them.
My hope is that, the American people will finally understand the shitshow they have imposed upon themselves. With the rising costs from the truly stupid trade war, either Trump will get ousted and sanity will prevail or they will double down and sinkhole their economy.
No matter what happens, we in NZ have to regard the US as, at best, an unreliable ally. Yes trade with them when we can, but expect them to throw a shit fit and break promises with no notice. Better for us to trade with the reliable partners.
first of all I don’t hold any hope that the American people will finally understand anything. They re-elected Bush, they re-elected Trump. Any hope you have is based on nothing but wish thinking and self delusion.
Secondly as in all things this means don’t put all your eggs in one basket. We can’t rely on the USA to be dependable ally, or a trade partner or even a friend. Trade with lots of countries, make allies with everybody you can. Play the field.
I wouldn’t go so far as to say FTA’s are not worth the paper they are written on, more like some countries are trustworthy and others are not.
Under Trump, the US is on the slippery slope to being an afterthought. If they cannot be relied upon to keep to their agreements, countries will simply reduce the business that they do with them.
I know it seems crazy at the moment, as they are still the largest economy in the world. But if they keep eroding the trust that others have in them, their power will fade. The world will work around them.
My hope is that, the American people will finally understand the shitshow they have imposed upon themselves. With the rising costs from the truly stupid trade war, either Trump will get ousted and sanity will prevail or they will double down and sinkhole their economy.
No matter what happens, we in NZ have to regard the US as, at best, an unreliable ally. Yes trade with them when we can, but expect them to throw a shit fit and break promises with no notice. Better for us to trade with the reliable partners.
This. Canada, Australia, NZ and thee EU can bundle together as a “bigger” EU.
“Great” Britain has already decided they don’t want in.
The EU without U
first of all I don’t hold any hope that the American people will finally understand anything. They re-elected Bush, they re-elected Trump. Any hope you have is based on nothing but wish thinking and self delusion.
Secondly as in all things this means don’t put all your eggs in one basket. We can’t rely on the USA to be dependable ally, or a trade partner or even a friend. Trade with lots of countries, make allies with everybody you can. Play the field.