Eric Crampton: New Zealand Initiative Chief Economist on the impact of Donald Trump's tariffs
Donald Trump's turning up the heat on China but throwing a tariff lifeline to most others.
He's authorised a 90-day pause which will see tariffs dropped to 10% for many countries.
However, China's rate has been increased from 104% to 125%.
Eric Crampton —Chief Economist at New Zealand Initiative— told Mike Hosking it's a rapidly changing situation.
He says it’s really hard for any business to plan in this kind of environment – the chaos is just going to continue.
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