Real Vision: Finance & Investing Macro Monday: Why Reciprocal Tariffs are GOOD News ft. Andreas Steno & Mikkel Rosenvold
Feb 17, 2025
The hosts dive into a lighthearted discussion about the best political haircuts, bringing humor to current events. They explore the surprisingly positive effects of reciprocal tariffs on the economy, challenging conventional views on trade. Insights into U.S. trade negotiations, especially in relation to Ukraine, highlight the geopolitical implications. Additionally, they discuss how tariffs are impacting markets, gold prices, and the tech sector, while touching on potential U.S. rate cuts and the future of renewable energy.
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Ramp Hairstyles
- Raoul Pal and Mikkel Rosenvold discussed various politicians' hairstyles, including Howard Lutnick's and Scott Best's.
- They jokingly referred to these hairstyles using a Danish term "ramp" and debated the best "ramp" in the Trump administration.
Reciprocal Tariffs Benefit Exporters
- Reciprocal tariffs could lead to a global reduction in tariffs, benefiting economies reliant on US exports.
- Trump aims to level the playing field by imposing tariffs unless other countries lower theirs.
VAT Complicates EU Negotiations
- Trump's inclusion of VAT in tariff calculations poses challenges for the EU, as VAT is nationally controlled, not by the EU.
- This complicates negotiations as the EU might need to find alternative ways to appease the US.