UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Retreat, repeat, retreat, repeat'
10 Apr 2025
Description
US President Trump’s retreat from trade taxes took less than 24 hours. However, taxes on imports from China increased, and the universal 10% import tax stays in place. None of these taxes existed a week ago, and US consumers will have to use income to pay them. Higher taxes on specific products remain, and more are promised.
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