UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Tariffs may not “solve” everything'
23 Jan 2025
Description
Japan’s December trade data had weaker imports and stronger exports than had been expected. Exports to the US declined, which rather argues against pre-trade tax stockpiling in the US (though there may still be time for that). The absence of stockpiling would likely speed the impact of trade taxes on US consumers.
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