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Christopher Luxon Talks To World Leaders As Donald Trump Pauses Tariffs
The Prime Minister says he will speak to world leaders on Thursday about working together to maintain free trade.
US president Donald Trump on Thursday (NZT) announced he would be putting a 90-day pause on his tariff plans, while hiking tariffs on China to 125%.
In a pre-planned speech to the Wellington Chamber of Commerce - originally planned before Trump's reversal - Luxon said he would be on the phone to world leaders, "comparing notes on world trade, and testing what we can do together to buttress the rules-based trading system".
Luxon said he would also visit the UK later this month to meet Prime Minister Keir Starmer "to talk trade, security, and the geopolitical backdrop in Europe and the Indo-Pacific".
He said New Zealand would continue to work with like-minded countries to promote free trade as a path to prosperity and explore the role of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in strengthening that vision.
The CPTPP is a free trade agreement involving 12 Indo-Pacific economies. The UK also joined in December last year.
"One possibility is that members of the CPTPP and the European Union work together to champion rules-based trade and make specific commitments on how that support plays out in practice," Luxon said.
"My vision is that includes action to prevent restrictions on exports and efforts to ensure any retaliation is consistent with existing rules.
"Collective action, and a collective commitment, by a large portion of the global economy would be a significant step towards preserving free trade flows and protecting supply chains."
RNZ
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