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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Tax attacks'

04 Mar 2025

Description

US President Trump lashed out in several directions yesterday, suspending military aid to Ukraine and aggressively taxing US consumers of imports from Canada, China, and Mexico. Although Trump inherited a strong economy, these moves increase US recession risks. The Ukraine decision has economic consequences. It may increase international hostility to Russia and the US, affecting sanction resolve and trade negotiations.

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