03.02.2025: Trump's tariffs not fully priced in.... (vi)

Stubborn inflation, supply chain disruptions, and trade wars – these are the grim prospects the world faces under Donald Trump's alarming executive orders. The chaos that followed after February 1 demonstrated how unprepared the markets were for this scenario.
Most market participants believed that the tariffs would be introduced gradually. The announced lofty 25% tariffs were viewed as just another threat from the eccentric US president. His aggressive rhetoric was largely met with scepticism.

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00:00 INTRO
00:40 US DUTIES
01:32 4 FEBRUARY
02:04 USA
02:45 USDX
03:08 EUR | USD
04:30 BRENT
05:46 USD | RUB

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