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Luxon says New Zealand won't launch reciprocal tariffs against US (www.rnz.co.nz)

submitted 6 days ago by [email protected] to c/[email protected]

31 comments fedilink hide all child comments

Because doing so would require some bravery and integrity.

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[–] [email protected] 2 points 6 days ago* (last edited 6 days ago) (1 children)

Yeah. Wtf is with the other comments. Yes Luxon sucks but this is the correct move and is probably informed by policy experts at RBNZ and Treasury.

Trump’s reaction to Canada actually implementing reciprocal tariffs shows how bad of an idea this is. I’m an economist, and this is the textbook definition of the prisoner’s dilemma. Both sides get hit with negative payoffs and it is the worst result overall.

[–] [email protected] 3 points 6 days ago (1 children)

He backed off canadian tariffs several times when they retaliated.

As an economist what do you think is the benefit of only one side being hit with negative payoffs?

[–] [email protected] 2 points 6 days ago (1 children)

And I think the Senate has now passed a pull back of those tarriffs as well.

[–] [email protected] 1 points 5 days ago

Actually that just just a book binding type of thing. It didn’t stop trump