Larry Williams Drive

Perspective with Ryan Bridge: We'll soon find out what 'America First' means for NZ

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Trump's tariffs are coming tomorrow - and he's basically playing God with the global economy. I've found the stuff we should know: The presser is 4pm Eastern time in the Rose Garden at the White House. That's 9am NZT. The reason it's late over there is because they want markets closed when he announces it. This is big league stuff. This guy has the power to make or break countries, markets and entire industries. Here's some stats: Goldman Sachs' odds on a US recession are up from 20 percent to 35 percent. Moody’s reckons it could cost 5.5 million jobs - that would lift the unemployment rate from 4 percent to 7 percent. GDP would fall 1.7 percent from peak to trough. For context, that's the equivalent of 2/3rds of the growth our economy is expecting this year. Reciprocal tariffs are broad-based tariffs across all countries. The White House has been tight-lipped on carve-outs or exemptions, but some countries are hammering the phones begging for them. They're panicked on Downing Street - though S