UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'The taxation burden descends'
01 Aug 2025
The global economy is reverberating with the dull thud of the yoke of taxation dropping onto the shoulders of US consumers. These taxes do not show up in consumer baskets with full force until January next year—the question is whether the courts will overturn these taxes before then. If they do (forcing the government to return tax revenues to the US supply chain), it is possible US consumers will never fully appreciate the costs.
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