Trade war could create 'considerable fallout' to NZ economy: ASB economists

Mon, 12 Mar 2018

By Paul McBeth March 12 (BusinessDesk) - New Zealand's small and trade-reliant economy faces "considerable fallout" if the imposition of US tariffs on steel and aluminium triggers a trade war, say ASB Bank economists. The local economy is expected to report a faster pace of growth in the December quarter on Thursday when Statistics New Zealand releases the official data and has been a beneficiary of strong global trade. However, ASB's research team headed by chief economist Nick Tuffley warns that may be at risk if US President Donald Tr...

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