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US trade war models show potential decrease of NZ$163 in New Zealand household income annually.
New modelling shows a potential trade war triggered by the US could slightly decrease New Zealand's household income by NZ$163 per household annually.
The scenario involves the US imposing 25% tariffs on all imports, leading to similar retaliatory tariffs.
Globally, the trade war would decrease aggregate household income by 0.7%, with larger impacts in the US, Canada, and Mexico.
The modelling confirms that trade wars harm global economic activity.
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Los modelos de guerra comercial de los Estados Unidos muestran una disminución potencial de NZ$163 en los ingresos de los hogares neozelandeses al año.