UBS On-Air: Paul Donovan Daily Audio 'Trade continues elsewhere'
UBS On-Air: Market Moves · Podcast owner
July 21, 20252m 40s
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Show Notes
South Korean export data for the first part of July showed growth, adjusted for differences in working days. Semiconductor sales were strong, and exports to Europe continued to grow. The US habit of taxing its consumers if they buy foreign steel meant exports in that sector were weaker. The data is a reminder that while the US is an important economy, there are other important economies that are not burdening their consumers with additional taxes.