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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Where to start?'

13 Oct 2025

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After US President Trump’s threat to impose additional significant tariffs on US buyers of goods from China, there has been a more conciliatory tone from both Trump and US Vice President Vance over the weekend. China’s September trade data showed stronger-than-expected exports (and imports). China’s data earlier this year was hinting at rerouting exports to help US importers avoid high tariffs.

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