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UBS On-Air: Paul Donovan Daily Audio 'A disturbance in the force'
Published 10 months, 2 weeks ago
Description
US President Trump’s address to Congress echoed speeches at campaign rallies. Markets have limited interest in much of the content. Trump did suggest trade tariffs would create “a little disturbance”, which seems to suggest a commitment to keep taxing US consumers. However, there was a faint sound of retreat from US Commerce Secretary Lutnick, who suggested that some of the tax burden may be lifted for consumers of Canadian and Mexican products as soon as today.