UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Taxing US consumers, cutting China’s taxes'
10 Dec 2024
Description
China’s consumers have been unenthusiastic, and exports are not necessarily dependable. Yesterday, China’s politburo signaled additional monetary and fiscal stimulus would be forthcoming. If US President-elect Trump taxes US consumers of goods from China, that may be a convenient excuse for China to cut taxes for its consumers.
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