Thursday, September 24
Donald Trump’s decision to delay his proposed tariff increases until 1 August may ease the inflationary impact on American shoppers this Christmas, UBS Group AG Chief Economist Paul Donovan said in an interview with Bloomberg Television. Donovan warned, however, that the move would not shield households from the broader financial pain of the trade war over time.Speaking on Tuesday, Donovan said the 10% tariff on all trade would raise inflation in July and August, but the additional duties targeting specific countries might not affect retail prices during the peak holiday shopping season due to the lag in global supply chains.“By the time you’ve got the goods shipped to the United States, you’ve got through the supply chain, given that a lot of retailers obviously order early for Ch
