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UBS Wealth Mgmt CIO Projects US Tariffs on CN to Gradually Rise to 40% Next 2 Yrs
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UBS Global Wealth Management’s Chief Investment Officer (CIO) released its 2025 outlook. Hu Yifan, Regional CIO and Head Macroeconomics APAC of UBS Global Wealth Management, pointed out that Donald Trump's re-election will reshape the U.S. economy and geopolitical landscape. She expected that Trump will focus on tax cuts, increased investment spending, tariff hikes, and regulatory deregulation after he takes office. Hu foresaw that the U.S. will raise tariffs on Chinese goods from an average of 20% to 40% in phases from 2025 to 2026, which will have a negative impact on China's GDP of 0.7-1 ppt, and exert greater pressure on China's exports. AAStocks Financial News |
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