The trade implications of Mr Biden for New Zealand - NZIER Insight 97
November 9, 2021
Or what does the Chinese Century mean for New Zealand?
The United States has structured world trade over the past 70 years in a way that has been positive for New Zealand. Now that the United States has relinquished its lead trading position, how will Mr Biden behave on trade policy? Ironically, given the electoral straight jacket, he is in, he needs to focus on fixing the United States domestic economy. This may lead to slightly positive outcomes on trade since it will become less of a whipping boy for United States economic ills. In this new trading environment, New Zealand needs to keep on keeping on, working away at building the coalitions of like-minded countries that promote the breaking down of barriers to international trade.