Real Vision: Finance & Investing Do Markets Care About Trump’s Tariffs?
Feb 24, 2026
They debate the market fallout from sudden tariff announcements and who stands to gain or lose globally. They trace legal limits on presidential tariff power and Congress' role. They consider how tariffs reshape US‑China bargaining and possible Chinese supply‑chain counters. They examine macro effects, Treasury liquidity risks, and whether tariffs could sap US cyclical momentum. They also touch on rapid AI progress and capex trends.
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Weekend Broad Tariffs Undercut Targeted Leverage
- Trump’s weekend broad tariffs look unprepared and scramble previous targeted negotiation leverage.
- Andreas Steno Larsen points out earlier targeted tariffs (China, India, Brazil) had specific bargaining aims that the new flat 10–15% move removes.
Tariffs Face Legal And Political Roadblocks
- Temporary sector tariffs require Congress ratification and political support that Trump lacks ahead of midterms.
- Mikkel Rosenvold emphasizes the administration can't easily codify the broad tariff plan into law without losing presidential flexibility.
China Could Weaponize Supply Chains Before Xi Meeting
- China may exploit reduced U.S. retaliation scope by weaponizing supply chains ahead of April talks with Xi.
- Andreas warns past episodes showed rare earths licensing forced U.S. concessions when the U.S. lacked strong targeted measures.