UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Policy competence questions'
14 Apr 2025
US President Trump retreated from more trade taxes on Friday, exempting iPhones and some other electronics from much of the 145% tax on imports from China. This would have been a very visible tax increase. While consumers tend to be sensitive to the price of high frequency purchases like food and fuel, a roughly 60% increase in an iPhone’s consumer price from trade taxes would be noticed.
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