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Podcast: UBS On-Air: Market Moves
Episode: UBS On-Air: Paul Donovan Daily Audio 'Better German growth'
Description: Administration comments suggest US President Trump is willing to increase taxes on US consumers of EU-made products, if the EU does not make unilateral concessions on tariffs. Markets are unlikely to place too much weight on these threats given the president’s tendency to rapidly retreat on such issues, but the situation does (again) increase policy uncertainty.