Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio '50% on'
Published 4 months, 3 weeks ago
Description
US taxes on Indian imports doubled to 50%. US importers should pay the old tax rate on goods already en route to the US, delaying the effect. With full pass-through and no demand switching, the tax increase would add less than 0.1 percentage point to US consumer price inflation. However, the unpredictability of US trade policy affects global corporations as they manipulate their supply chains.