Luxon followed his Wellington speech with a series of phone calls that night with Indo-Pacific leaders and the European Union to gauge how they are interpreting the tit-for-tat trade war and the implications it might have for their economies.
Speaking from Tonga on Friday, Peters offered some advice to the Prime Minister.
“Markets lose their nerve. Share market speculators lose their nerve. Politicians should not lose their nerve, and that’s my advice,” he told RNZ.
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“There’s no need to react at this point in time. Let’s first find out what we’re dealing with, let the dust settle in.
“My advocacy from the day this matter came up with…