Europe Has Bigger Concerns Than U.S. Tariffs, UBS Says

The video discusses potential tariffs by President Trump and their impact on European markets. It explores market expectations, the role of the WTO, and the possibility of EU retaliation. The discussion highlights the trade discount's effect on European assets and considers who might be the biggest losers in this trade conflict, with a focus on the EU and China.

What does the speaker suggest about the market's expectations regarding US-China tensions?

Who does the speaker believe could be the biggest loser in the trade situation?