Stephen Jacobi discusses the impact of sudden US tariff increases on New Zealand’s trade and payments sector, highlighting unfair treatment, uncertainty, and broader global economic and geopolitical challenges.
How the framings classify across 5 articles. Each framing is labelled by a small AI stance classifier; see the methodology page for details.
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Uh it absolutely is, and uh it's been really, really challenging for the whole globe and world and planet and trade and every every industry in it. Uh, you know, fuel is at the still at the heart of what we do economically. Um it won't stabilize overnight. I think everyone will be wary of the interventions like this. These are ad hoc interventions. Um, you know, the US would always accuse other people of doing it. Um it's been prepared to do things which we would have considered absolutely outrageous and crazy, um, bombing our countries uh is is not the smart way forward. And hopefully peace will enable a bit of a reset, but it won't be back to where it was. Organisations like the World Trade Organization will continue to struggle uh for relevance. Uh we'll always support them. It's the only way forward. But as long as big countries step back from it, and the US being right at the forefront of that, then makes makes international trade and the rules of trade very, very challenging.
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conflicts driving economic volatility
\\ \\ 26 August 2025\\ \\ Opinion\\ \\ **Stephen Jacobi: Tariffs, Geopolitics and Other Challenges** \\ \\ The following remarks were made by Stephen Jacobi to a recent payment industry forum. Stephen is one of the Foundation’s Honorary Senior Fellows\\ \\ S\\ \\ Stephen JacobiSpotted something wrong on this page? Report a correction.
