UBS On-Air: Paul Donovan Daily Audio 'Three reasons why'
May 26, 2025•3 min
Episode description
US President Trump has retreated from their threat to aggressively tax US consumers of European products, delaying the suggested 50% tariff to July. These retreats are so frequent that investors should rationally expect them. So why do markets still react to the initial announcements, as happened last Friday?
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