USA President’s decision to impose tariffs on some imported goods could start trade wars.
That appears to be something of which Foreign Minister Winston Peters approves:
“What’s Donald Trump’s biggest complaint? It’s that countries shouting out ‘free trade for America’ don’t practise free trade themselves. In fact it’s New Zealand First’s and my complaint that the countries we deal with apply tariffs against us whilst we’re giving them total and unfettered access to our country. It’s simply not fair.“
It might not be fair but imposing tariffs on goods from other countries in retaliation is simply stupid.
It might protect inefficient local industries but local consumers will pay for that in higher prices and less choice.