UBS: Tax raise delayed on US consumers

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.”