According to BMI analysts at Fitch Solutions, New Zealand's economy may face resistance from Trump's trade policies in the rise of next year. Trump's re-election as president may have a significant impact on developed economies such as New Zealand, particularly those with close trade relations with the United States. Trump's past policies, particularly his trade policy, have shown the potential to damage the economy. Some of the policies he is currently proposing may trigger inflation, forcing the Fed to stop its loose policy or even reverse it. This could in turn force the Reserve Bank of New Zealand and other central banks to slow down their loose policies or raise interest rates to fight inflation. This would increase borrowing costs and could suppress economic growth, stimulating economic uncertainty. In this scenario, consumer spending and business investment will be affected, hindering economic growth in 2025.