Mar 01, 02:00 GMT - Trump's speech to Congress: Donald Trump's long awaited address to the U.S. Congress on Tuesday night is expected to clarify the president's stance for the coming 12 months on a healthcare overhaul, a build up in military capabilities, international trade deals plans and more specifically there will be intensive interest in the president's proposed tax cuts.
Regarding taxes, interest will be focused on Trump's comments on the new “border-adjusted” sales tax favoured by House Ways and Means Committee and a European-style value-added levy that favours exporters over importers. Trump's reaction or comments on taxes could have a major impact on the markets. As we know from his short time in office, Trump is a man who is not scared to make decisions and could shake the markets by stating specifically how low he wants taxes to reach.
There is no doubt that the address will not please everyone, and therefore we can expect some market volatility, how much depends on the affect the address has on the markets.
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