By Paul McBethVideo will play in Play now Don't auto playNever auto playUS President-elect Donald Trump's stance on trade in a world where countries are putting up more barriers could be serious for New Zealand, says Reserve Bank governor Graeme Wheeler. "That's what people need to focus on in the near-term - what is the US position on trade reform?" That includes the Regional Comprehensive Free Trade Partnership and potential bilateral deals with India, the European Union and the United Kingdom," it said in a note. "Even though Trump has labelled free trade agreements and the TPPA as 'horrible' and 'disastrous', it's unclear as to exactly what his objections are," executive director Catherine Beard said. Bank of New Zealand head of research Stephen Toplis said the two areas New Zealand should focus on from the election is what Trump's anti-globalisation stance will mean for world trade, and what impact his fiscal policies will have for US inflation, bond yields, and the US currency.

Source: New Zealand Herald November 10, 2016 06:19 UTC