Tag: consumption tax

Of all the bewildering and chaotic projectiles lobbed out of the White House, none is more confusing than tariffs. The very word "tariff" is likely to put most citizens to sleep. However, a sudden 200% increase in the price of a bottle of French wine would jolt anyone awake. This number is a real threat from Trump.

China’s transition towards 'common prosperity' will create some short to medium-term headwinds to the growth in luxury goods sales, but these should be more than offset by long-term, structural growth in the sector driven by an expanding middle-income cohort in China.