Union Bank of Switzerland’s analysis team point out that the US Trade Representative has declared a delay “until further notice” on raising taxes on US consumers of goods partially made in China.
Key Quotes
“A US-China trade settlement is starting to look a little like the US-EU trade settlement of last year – continual delay & no new taxes.”
“Meanwhile, the success of trade taxes to date was shown by the December US trade deficit hitting a record high.”
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