Winston Peters: Prime Minister of New Zealand, his representative is not on the same page on US tariffs? Winston Peters suggests PM Luxon to wait for viewing
PM Luxon seeks the help of the European Commission in his April 10 speech at the Wellington Chamber of Commerce in close cooperation with the Trans-Pacific Trade Agreement Trans-Pacific Partnership (CPTPP) (CPTPP), the twelve Members’ Integrated Trade and Economic Agreement.
U.S. President Donald Trump imposes a 10% tariff on New Zealand’s benchmark. A few days ago, Trump announced a 90-day suspension of tariffs, including New Zealand.
In his speech in Wellington, Luxon highlighted the investigation conducted by the Treasury Secretary, which claimed that 900 million or 0.2% of New Zealand’s GDP could be affected by U.S. tariffs.
Peters said: “No, when he gave the speech and made these calls, he didn’t check it.”
Peters believes that the prime minister should study more important things, such as the implications of the trade war between the United States and China, and how it will affect New Zealand’s economy. The Deputy Prime Minister earlier commented on the evolving tariff rate hike, saying: “Everyone is overreacting, everyone is talking too quickly, everyone should keep their advisers and are less willing to work for their patience and new efforts. The Deputy Prime Minister is saying very similar things, and the New Zealand government is currently very calm.
Luxon, who answered Hamilton’s media questions about Peters, said it was too early for him to decide to bring a trading group like like-minded countries, said: “I gave a fairly extensive speech on trade yesterday, and considering the week we’ve been going through, it’s appropriate.”
He also added that he was not ready to “throttowel” and declared an end to the free market era and the rules-based international order.
Luxon said he did three things “out of yesterday’s whole process.”
The first thing is to engage with “the key bilateral partner of New Zealand”, and what else can we do together in a world of our like-minded approach to trade? ”
He said it was second to understand “how they explained the events of last week and what it meant to them and their economy.”
Third, “Say that we should reaffirm the principles of free trade”, both in the ASEAN Group and the CPTPP Group.
