Four days after Trump’s inauguration speech, the US president has meddled with the US dollar level, pulled the plug on Trans-Pacific and Transatlantic partnerships, and aired tariffs on foreign goods and more. What’s next, and what to expect? Chief analyst Johnny B. Jakobsen analyses Trump’s promises and actions, and elaborates on the immediate market reactions and future scenarios. Get an overview of the impact on US and European economies, and hear if, when and why we could be facing a global trade and currency war.

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All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are subject to change without notice. The podcast is intended only to provide general and preliminary information to investors and shall not be construed as the basis for any investment decision. This publication or report has been prepared by Nordea Markets as general information for private use of investors to whom the publication or report has been distributed, but it is not intended as a personal recommendation of particular financial instruments or strategies and thus it does not provide individually tailored investment advice, and does not take into account the individual investor’s particular financial situation, existing holdings or liabilities, investment knowledge and experience, investment objective and horizon or risk profile and preferences. The investor must particularly ensure the suitability of an investment as regards his/her financial and fiscal situation and investment objectives. The investor bears the risk of losses in connection with an investment. Before acting on any information in this publication or report, it is recommendable to consult one’s financial advisor.