UBS On-Air: Paul Donovan Daily Audio 'US tax increases next week?‪'‬ UBS On-Air: Market Moves

Media reports suggest US President Biden plans to announce new taxes on US consumers of products from China, specifically, electric vehicles and solar products. These taxes are not as broad as the consumer taxes imposed by US President Trump, but they are reflective of the trends of scapegoat economics and prejudice politics. Economic nationalism is a specific manifestation of those trends.