UBS On-Air: Paul Donovan Daily Audio 'Time for more taxes'
UBS On-Air: Market Moves · Podcast owner
January 31, 20252m 40s
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Show Notes
US President Trump reiterated their intention to aggressively tax US consumers of products from Canada and Mexico, possibly excepting oil consumers. Several US refineries are set up to process Canadian and Mexican, not US, oil. The speed of Trump’s retreat from taxing US coffee drinkers is a reminder of the unpredictability around tariff policy.