Trump’s ‘Liberation Day’ tariffs may spur a more dovish RBNZ

One analyst said the RBNZ could cut by 50bps. (Image: Unsplash)

Fri, 04 Apr 2025

US President Donald Trump’s “Liberation Day” tariffs may lead to a more dovish tilt from the Reserve Bank of New Zealand in next week’s official cash rate announcement, given the inflationary impact. A 10% tariff on US goods exports to the US could cost around $900 million, given that exports to the US hovered around $9 billion in the year to Dec 31.Other countries were less fortunate than NZ, with new tariffs of 34% being slapped on imports from China and 20% on imports from the European Union – two of the ma...

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