AUCKLAND, New Zealand, April 3 (Xinhua) -- New Zealand Prime Minister Christopher Luxon reiterated the country's opposition to hiking trade tariffs following an announcement by U.S. President Donald Trump of a 10 percent tariff on New Zealand goods entering the American market.

Speaking at a press conference on Thursday afternoon, Luxon said tariffs "are not the way to go," emphasizing that the additional costs would burden U.S. consumers and affect global trade.

Tariffs are not good for the global economy. Tariffs, trade wars, and the resultant reciprocal tariffs create huge uncertainties in the world, as well as high inflation, currency impact, and growth impact, potentially causing global headwinds. New Zealand has done well without tariffs, as has the rest of the world, said Luxon.

Trade Minister Todd McClay said New Zealand's interests are best served in a world where trade flows freely. Tariffs have consequences for the global economy, impacting inflation, demand, currency stability, and economic growth. Enditem