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UBS On-Air: Paul Donovan Daily Audio 'Taxing US consumers, cutting China’s taxes'
Published 1 year, 1 month ago
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.