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UBS On-Air: Paul Donovan Daily Audio 'Not entirely usual'
Published 9 months, 1 week ago
Description
US President Trump’s administration clarified the 125% tax on imports from China was 145%. This increase will not shift demand patterns (it will cost US consumers more money). For investors, this raises policy competence questions again. A well-planned trade tax would consider costs. Tax rates set seemingly at random question whether costs are properly considered.