Deeper Trade War Won't Leave Markets Untouched, RBC's Schaffrik Says

The video discusses the implications of ongoing trade tensions on global markets, particularly in Europe and Asia. It highlights market expectations, potential secondary effects, and the evolving nature of trade wars, including technology supremacy and broader economic impacts. The discussion also touches on the immediate and long-term effects of these tensions on economic activity and market stability.

What was the market's initial belief about the trade agreement?

• There would be no agreement at all.

• The agreement would only affect Asia.

• It would be delayed indefinitely.

• An agreement was expected imminently.

What is a potential long-term consequence of the trade war discussed in the video?

• A shift in global currency dominance.

• A complete halt in international trade.

• A decrease in global technology development.

• A ten-year trade war with FX implications.

How has the nature of trade wars changed according to the video?

• They now involve only tariffs.

• They include broader penalties beyond tariffs.

• They focus solely on technology.

• They are resolved more quickly.

What is a new strategy used in trade wars as mentioned in the video?

• Lowering export duties.

• Restricting access to the US dollar market.

• Encouraging free trade agreements.

• Increasing import taxes.

What is the immediate concern for the market regarding the latest trade developments?

• The potential for new trade agreements.

• The effect on long-term global alliances.

• The influence on local small businesses.

• The impact on economic activity in the next two quarters.