Eric Crampton: New Zealand Initiative Chief Economist on the impact of Donald Trump's tariffs

Donald Trump's turning up the heat on China but throwing a tariff lifeline to most others. 

He's authorised a 90-day pause which will see tariffs dropped to 10% for many countries.  

However, China's rate has been increased from 104% to 125%. 

Eric Crampton —Chief Economist at New Zealand Initiative— told Mike Hosking it's a rapidly changing situation. 

He says it’s really hard for any business to plan in this kind of environment – the chaos is just going to continue. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.