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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Delays and retreats'

07 Jul 2025

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The additional taxes US President Trump intended to impose on US consumers from Wednesday will now be delayed until 1 August. That means that, allowing for some stockpiling ahead of Christmas, consumers may not experience the inflation spike from these taxes until January next year—assuming that Trump does not retreat again.

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