Macro Monday: Trump Pulls the Tariff Trigger ft. Andreas Steno Larsen & Mikkel Rosenvold

Feb 3, 2025

Join the discussion on the recent whirlwind of tariff announcements by Trump and their volatile impact on the financial markets. Dive into the complex interplay between global trade and economic strategies, with insights on the shifting perceptions around AI and its market implications. The hosts highlight cautious optimism amidst geopolitical tensions and explore the prospective postponement of tariffs on key trade partners. Don't miss out on the buzz surrounding upcoming crypto events, featuring opportunities for networking and insights!

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Volatile Weekend

Andreas Steno Larsen had a volatile weekend, both personally and in the financial markets.
He had just returned from Miami, where he met Real Vision viewers.

INSIGHT

DeepSeek's Significance

The DeepSeek AI story, initially perceived as a major breakthrough, is now considered less significant.
Experts believe DeepSeek's training data is from OpenAI's ChatGPT model.

INSIGHT

Tariffs and USD

Trump's proposed tariffs caused market volatility, especially impacting the USD.
Andreas predicted the USD's weakening due to Trump's erratic behavior.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

🔥 TOKEN2049: Grab your tickets at dubai.token2049.com with promo code REALVISION for an exclusive 10% off—only while tickets last

👉 *Use code "realvision15" to get 15% OFF tickets for Consensus 2025 in Hong Kong:* https://coindesk.com/consensus-hk

👉 Get Raoul Pal's FREE report + 30 days of free access to The Exponentialist https://rvtv.io/40wvAe5

Steno Research founder and CEO Andreas Steno Larsen is back with his co-host Mikkel Rosenvold, the firm's partner and head of geopolitics, to break down today's volatility after U.S. President Trump announced widespread tariffs and discuss what might happen next.

📣 This episode is sponsored by TOKEN2049. Join 15,000 attendees and over 200 exhibitors from 30 April to 1 May at TOKEN2049 Dubai, the premier crypto event of the year. Raoul Pal and over 200 leading voices in crypto will take the stage, as TOKEN2049 takes over the majestic Madinat Jumeirah in Dubai.

Be part of two days of unparalleled networking, groundbreaking insights, and truly immersive experiences you won’t want to miss. With over 500 side events, Dubai will be the industry’s focal point—and the place to be for everyone in crypto this April.

Grab your tickets at dubai.token2049.com with promo code REALVISION for an exclusive 10% off—only while tickets last

📣 This episode is brought to you thank you to Consensus. Crypto’s most influential event is coming to Asia. Consensus Hong Kong 2025—the #1 destination for dealflow—will take place February 18-20. Curated by CoinDesk, this event brings together global leaders, innovators, investors, and brands in the heart of Asia’s financial hub.

With unparalleled networking opportunities and exclusive access to top decision-makers, Consensus Hong Kong is where partnerships are forged, deals are secured, and the future of digital assets is shaped. Whether you're an investor, founder, or executive, this is your chance to connect with the biggest names in the industry and make valuable connections that will drive your business forward.

👉 Don't miss your chance to be at the center of the Web3 movement. Take 15% off your registration with code REALVISION15. Register now at coindesk.com/consensus-hk to secure your spot and be part of the conversations shaping the future of crypto and digital assets.

Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities.

Music license ID: WJ6TRPVHFD

About Real Vision™:

We arm you with the knowledge, tools, and network to succeed on your financial journey.

Connect with Real Vision™ Online:

Website: https://www.realvision.com/join

Twitter: https://rvtv.io/twitter

Instagram: https://rvtv.io/instagram

Linkedin: https://rvtv.io/linkedin

Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf

Learn more about your ad choices. Visit podcastchoices.com/adchoices