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"Poorly targeted": Trump's tariffs risk pushing the US into recession - economist

Author
Newstalk ZB,
Publish Date
Fri, 4 Apr 2025, 9:29am
US President Donald Trump holds a chart as he announces his "Liberation Day" tariffs in a move that threatens to ignite a devastating global trade war. Photo / AFP
US President Donald Trump holds a chart as he announces his "Liberation Day" tariffs in a move that threatens to ignite a devastating global trade war. Photo / AFP

"Poorly targeted": Trump's tariffs risk pushing the US into recession - economist

Author
Newstalk ZB,
Publish Date
Fri, 4 Apr 2025, 9:29am

Donald Trump’s sweeping tariff announcement is being described as a shockingly radical shift in policy.  

The US President announced 10% tariffs on almost all goods entering the US, including from New Zealand. 

Many countries face much higher tariffs, including China with a combined 54% levy. 

Former US Department of Treasury Economist Brad Setser told Mike Hosking it’s a fundamental break in the US’ post-WWII international economic policy approach and is an enormous political and economic risk. 

He believes the magnitude of the tariff increase does threaten to push the US into a recession. 

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