
By Lillian Hanly of
has chastised the Prime Minister for his with world leaders about the , and advised politicians to 鈥渢one down鈥.
The foreign minister told RNZ had not consulted with him before the calls, adding: 鈥淚 hope that he鈥檒l get my message and he鈥檒l call me next time.鈥
Luxon made a speech to the on Thursday morning and proposed the European Commission work more closely with countries signed up to the - known as the CPTPP - to champion the rules-based trade order and provide some stability and certainty.
It came after the United States retaliated against , while placing a 90-day pause on retaliatory tariffs for other countries. The US has since upped the China tariff to 145%.
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.
鈥淢arkets lose their nerve. Share market speculators lose their nerve. Politicians should not lose their nerve, and that鈥檚 my advice,鈥 he told RNZ.
鈥淭here鈥檚 no need to react at this point in time. Let鈥檚 first find out what we鈥檙e dealing with, let the dust settle in.
鈥淢y advocacy from the day this matter came up with the Trump tariffs - our job is to be ultra careful, ultra forward thinking in the interest of, guess what, the , that鈥檚 what matters, not our egos,鈥 he said.
鈥淪o my advice to politicians is tone down, wait 鈥榯il you see and know what鈥檚 going on.鈥
Asked if he had spoken with the Prime Minister鈥檚 Office regarding the matter, Peters said: 鈥淣o, he didn鈥檛 check it out when he made that speech and made those phone calls.鈥
Foreign Minister Winston Peters advises politicians to play the waiting game amid Donald Trump's tariff turmoil. Photo / Samuel Rillstone, RNZ
鈥楶remature鈥 calls - Winston Peters
On Thursday afternoon, Peters was asked about the developing tariff hikes, to which he said it was 鈥渨hat we expected, actually鈥.
鈥淓verybody was overreacting, everybody was talking too fast, everybody should have kept their counsel, kept their patience, and it鈥檚 starting to unfold far less serious than people thought.鈥
Asked about Luxon鈥檚 idea to get together with Europe and building a 鈥渢rading bloc鈥, Peters said it was 鈥渁ll very premature鈥.
鈥淲e鈥檙e trying to sort out this other thing with America and China鈥檚 trade war, and we鈥檙e rushing off with solutions - let鈥檚 find out what happened there first.鈥
He would not comment when asked if he was consulted by the Prime Minister before the speech.
Peters was asked again later if Luxon had discussed the idea of getting those countries together 鈥渢o formulate some sort of joint response to the 鈥 with him, to which Peters replied 鈥渘o鈥.
When asked if he would expect to have that discussed given he is Foreign Minister, Peters said he鈥檇 taken the stance that 鈥渆xperience matters鈥.
鈥淚n this case, wait until we see what emerges with the tariff war that鈥檚 going on.鈥
He said it will come to a resolution, 鈥渕uch quicker than people think鈥.
鈥淪o let鈥檚 not panic here.鈥
When asked what was wrong with the idea of engaging with other leaders regarding the CPTPP, Peters asked 鈥渨hat would you talk about?鈥
鈥淲hat鈥檚 the going to be in the end? Do we know what that鈥檚 going to be? No. If we don鈥檛 know what that鈥檚 going to be, what would you actually talk about? Think about it.鈥
When asked if it was naivety by the Prime Minister, Peters suggested that question be put to Luxon.
Christopher Luxon reached out to several world leaders this week over trade concerns. Photo / Marika Khabazi, RNZ
Luxon dodges Peters鈥 鈥榩remature鈥 comments
On Friday, before Peters鈥 interview in Tonga, Luxon took questions from the media in Hamilton.
He was asked by RNZ what he made of Peters describing his calls with world leaders as 鈥減remature鈥.
Luxon disputed that characterisation and moved on.
鈥淚 gave a pretty broad-ranging speech yesterday on trade, which was appropriate given the week we鈥檝e been experiencing.鈥
Luxon said he was doing three things 鈥渙ver the course of yesterday鈥.
Firstly, was to reach out to 鈥 to say, what more could we be doing together in a world where we have a like-minded approach to trade?鈥
Secondly, he said, was to understand 鈥渉ow they鈥檝e been interpreting the events of the last week, and what that means for them and their economies鈥.
Thirdly, 鈥渕aking the case that we should be reaffirming the principles of free trade together鈥, whether that was in an Asean or CPTPP bloc.
- RNZ
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