Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Raising US taxes'
Published 1 year, 3 months ago
Description
Former US President Trump suggested tariffs of up to 2,000% on cars imported from Mexico (an unconventional interpretation of NAFTA). US and European investors have viewed proposed tariffs as a bargaining device, not to be taken seriously. The random suggestion of numbers like 2,000% does suggest more rhetoric than rigorous policy analysis. However, the repeated theme of trade taxes implies the policy is important.