Real Vision: Finance & Investing Europe, Trump & the Limits of Trade Escalation | Macro Mondays: January 19, 2026
Jan 19, 2026
Dive into the latest macro trends as experts explore Trump’s tariff threats and the impact on US-EU relations. Discover how Japan's elections are affecting global yields and the delicate dance around Greenland diplomacy. The conversation shifts to potential EU responses, weighing the likelihood of digital taxes and reciprocal tariffs. The discussion also touches on the evolving landscape of AI and its implications for investment strategies. Wrap it up with insights into portfolio performance and the upcoming crypto gathering in Miami!
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EU Can't Mirror Rapid US Trade Escalation
- The EU is unlikely to match rapid US tit-for-tat tariff escalation because its decision process is slow and deliberate.
- Andreas Steno Larsen expects rhetoric and limited measures rather than a China-style rapid trade war with the EU.
Markets Fear Escalation, Not Single Tariff Move
- Markets fear not a single 10% tariff but a recursive tit‑for‑tat escalation that ratchets tariffs higher over time.
- Andreas thinks limited, targeted measures are more likely than broad 10% EU tariffs implemented by February 1.
Canada‑Style Advisors, Not Combat Troops In Greenland
- European military advisors visited Greenland with laptops for planning meetings, not as frontline combat troops.
- Mikkel clarifies that media reports of soldiers fleeing were false and the visits were routine planning missions.