UBS On-Air: Paul Donovan Daily Audio '50% on'

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UBS On-Air: Market Moves not yet transcribed

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Recorded27 Aug 2025

Publishersecure.ubs.com

Handlerec:4542491

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US taxes on Indian imports doubled to 50%. US importers should pay the old tax rate on goods already en route to the US, delaying the effect. With full pass-through and no demand switching, the tax increase would add less than 0.1 percentage point to US consumer price inflation. However, the unpredictability of US trade policy affects global corporations as they manipulate their supply chains.

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