UBS On-Air: Paul Donovan Daily Audio 'Raising US taxes'
UBS On-Air: Market Moves · Podcast owner
October 16, 20242m 40s
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Show Notes
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.