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New Zealand Impacted Less By US-China Trade War

Exporters in China and US have experienced adverse impact owing to tariff hike but New Zealand is one country that somehow remained unaffected by non-tariff barriers. Despite disruptions in value chains, trade tensions between China and US appear to have left New Zealand exporters unharmed for now. The country managed an overall growth of 4.7% in merchandise exports over the year ending in August. Also, exports to China saw a significant increase of 19.6%, which is a positive indicator of growth. The current disruption caused by trade giants did not pose a threat to New Zealand’s trade commitments. New Zealand firms have been successful in addressing export prices through methodologies, avoiding harsh marketing strategies and campaigns.

source: the conversation