The potential return of President Donald Trump to the White House brings both opportunities and challenges for New Zealand’s trade and economic relationship with the United States. As the world’s largest economy, shifts in US policy inevitably impact the global market in which New Zealand operates.
NZUS Council Executive Director Fiona Cooper recently highlighted these dynamics in an interview with Glenn McConnell for Stuff, urging New Zealand exporters to consider both the risks and opportunities of a Trump presidency.
“If President Trump is able to boost economic growth, if he’s looking at regulatory reform, might that create some new opportunities? When New Zealand exporters are looking at the US market, they’ll be thinking about potential risks around tariffs, but they’ll also be thinking about potential opportunities,” she said.
Cooper emphasises the importance of maintaining and strengthening New Zealand’s relationship with the US. Proactive engagement will be essential to navigating potential shifts in US trade policy, advocating for the bilateral relationship, and enabling New Zealand’s exporters remain competitive in the US market.
Despite potential challenges, a Trump presidency could also present unique opportunities for New Zealand exporters. Regulatory reforms and efforts to stimulate economic growth in the US could create new openings for Kiwi products and services. New Zealand exporters of primary products, technology and specialist manufacturing have a strong reputation in the USA for high-quality innovative goods and services, and are well positioned to adapt to and benefit from changing market conditions.
New Zealand needs to stay engaged with US policymakers and industry leaders and work together to advocate for shared economic interests and to advance our mutually beneficial trade relationship.
Read Glenn McConnell’s full article on Stuff: Donald Trump heading back to the White House? Here’s why NZ should care