UBS On-Air: Market Moves Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 30)
May 16, 2025
Burkhard Varnholt, an economist and investment strategist, dives into the complexities of global trade and market dynamics. He shares insights on the impact of recent tariffs on supply chains and highlights sectors like AI, energy, and tourism as resilient investment opportunities. Varnholt also dissects how U.S. geopolitical actions influence oil prices and examines the delicate balance of supply and demand in the market. Tune in for valuable strategies on navigating investment prospects post-market correction.
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Pre-Tariff Air Freight Rush
- A global logistics CEO shared how companies rush to air freight heavy goods like Harley-Davidson bikes to avoid tariffs.
- This pre-tariff supply chain shift mirrors pandemic just-in responses and illustrates market adaptations.
Copper Price Signals Recovery
- Copper prices reached an all-time high, rising 30% this year, often seen as an economic indicator.
- This surge signals potential economic recovery, notably in China, though its sustainability is questioned.
Tariffs Can't Replace Taxes
- The notion that tariffs can replace taxes is unrealistic given U.S. tax and import figures.
- Funding government solely through tariffs would require increasing them to 200%, which is nonsensical.