Real Vision: Finance & Investing Is Trump’s Plan Working? | Mikkel Rosenvold & Andreas Steno Larsen | Macro Mondays
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May 5, 2025 Explore the impact of Trump's trade war as China buys U.S. Treasuries. Discover the sudden volatility behind the New Taiwan dollar and its implications for trade negotiations with the U.S. and China. Delve into Trump's unique tariff proposals on foreign-produced movies and the challenges they pose. Plus, hear insights on the intertwining of traditional finance with the evolving cryptocurrency landscape. Unpack the political dynamics shaping the market amidst shifting voter sentiments and discuss the impact of U.S. sanctions on Russia.
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Tariffs Target Foreign Movies
- Trump suggests 100% tariffs on foreign-origin movies entering the U.S., moving trade war tactics into services.
- It's difficult to apply tariffs to digital services like streaming due to their nature and production origin.
Weaker Dollar Supports Trade Strategy
- The Taiwanese dollar's sharp rise reflects institutions hedging US dollar exposure amid trade negotiations.
- A weaker dollar aligns with the Trump administration's goal to orchestrate coordinated easing with global partners.
Hong Kong Currency Buys US Treasuries
- Hong Kong dollar's managed float forces it to buy US dollars when the dollar weakens, increasing US treasury purchases.
- This counters the narrative foreign treasuries are being sold, supporting US financial stability amid trade tensions.