The Hidden Cost of the Trade War No One Talks About | Macro Mondays

Steno Research CEO and Asgard-Steno Global Macro CIO Andreas Steno Larsen is back with the fund's COO and head of geopolitics at Steno Research, Mikkel Rosenvold, to break down the latest news and forces driving global markets, including the tariff flip-flopping, U.S. dollar weakness, economic uncertainty, and more.

• 🌍 Tourism Collapse in the US: Foreign arrivals are plummeting 🚫🛬 — travelers are staying away, and the ripple effects are massive.
• 💸 Cheaper Flights & Lodging Ahead: With falling demand, airlines and hospitality services are slashing prices ✈️🏨🍽️ — and that could ease inflation. 📉
• 🤯 Trade War Fallout: Why pick a fight with everyone — including your allies? 🇨🇳🇪🇺 The strategy behind alienating Europe while preparing for a trade war with China raises serious questions. ❗🤔

#TradeWar #USEconomy #Inflation #TourismCrisis #GlobalMarkets #Geopolitics #China #Europe #MacroInsights #realvision