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UBS On-Air: Paul Donovan Daily Audio 'Retreat, repeat, retreat, repeat'
Published 9 months, 1 week ago
Description
US President Trump’s retreat from trade taxes took less than 24 hours. However, taxes on imports from China increased, and the universal 10% import tax stays in place. None of these taxes existed a week ago, and US consumers will have to use income to pay them. Higher taxes on specific products remain, and more are promised.