UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Is an avocado tax credible?'
25 Feb 2025
US President Trump repeated their intention to aggressively tax US consumers of goods from Canada and Mexico, starting next week. Markets do not entirely believe Trump. Taxing everyday essentials like propane gas and avocado on toast would be very visible, very quickly to US consumers. Polls suggest only 32% of US voters approve of Trump’s management of inflation.
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