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New Zealand's central bank warns on supply chain impacts from US tariffs

ReutersMay 7, 2025 9:18 PM

- New Zealand's central bank said on Thursday the impact from U.S. tariffs on global supply chains could affect the country's economy, and it has identified industries that could be exposed more to the new trade rules.

"We know from our experience, from the COVID experience, that supply side impacts are significant, and that are long-lasting and can create real challenges," Reserve Bank of New Zealand Governor Christian Hawkesby told a parliamentary committee.

"There's still a lot of uncertainty about how the structural framework of the global economy sort of realigns itself now."

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