BNP's Katzive Says Wait Out Noise on U.S. Border Tax

The video discusses the implications of potential US border tax policies and protectionism, highlighting the uncertainty in new policies and their impact on the US economy and international markets. It examines the potential effects on Switzerland's economy, particularly the pharma industry, and the need for clear proposals from President Trump to sustain market confidence.

What are the potential dangers of protectionism as discussed in the text?

What implications could the border tax have on US front end rates and the dollar?

How might the proposed border adjustment tax affect the Swiss pharma industry?

In what ways could the proposed economic changes impact employment in the US?

What specific information does the market need to hear from President Trump according to the text?