According to UBS, global tariff shock is probably deteriorating.
While approximately the face of Trump's administration or judicial court orders that are perverted fees are options, the Swiss bank expects “we think we are more likely to be more likely in the near future [the] The flow of newspapers is getting worse, including the potential EU retaliation, US counter -connection in China and the end of exceptions of drugs and semiconductors ”.
Mark Haefele, the main investment director of UBS Global Wealth Management, said that tariffs could initially increase, followed by a reduction in fees during the third quarter “as legal, business and political pressure”.
It predicts that the Fed will reduce interest rates by 75-100 basic points to support the economy.
