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New Zealand PM says trade wars will cause ‘serious headwinds’ to global economy

Noting the “serious headwinds” the global trade system faces with US President Donald Trump’s plan for widespread tariffs, New Zealand Prime Minister Christopher Luxon called on Monday for Indo-Pacific nations to deepen their economic integration through free trade and strengthened supply chains.

“Geopolitical calculations are being totally upended,” Luxon said in New Delhi, adding that the world was shifting from globalisation to hypernationalism and from “openness to xenophobia”.

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