{"title": "Trump puts the EU in its place | Petri Roininen | Negotiator 344", "titleOriginal": "Trumpin EU-kyykytys | Petri Roininen | Neuvottelija 344", "episodeNumber": "344", "guest": "Petri Roininen", "publishedAt": "2025-07-30", "duration": "53:51", "durationIso": "PT53M51S", "youtube": "https://www.youtube.com/watch?v=NpY26uSA0zc", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/691-trumpin-eu-kyykytys-roininen-neuvottelija-344", "originalLanguage": "fi", "format": "full", "topics": ["geopolitics", "finnish_economy_policy", "investing_markets"], "description": "Recorded three days after the EU–US trade framework agreed at Turnberry, with both participants reaching the same verdict: the EU negotiated badly. Petri Roininen and Sami Miettinen work through the terms — 15 per cent on most EU goods, 50 per cent left on steel and aluminium, $750 billion of energy purchases and $600 billion of investment, against the United Kingdom's 10 per cent — and then turn to the part that got less attention: where capital goes next, and what that means for Finnish pension assets. Roininen's concrete proposal is that the pension companies pool one per cent of their assets, about €2.7 billion, into a new Finnish bank.", "chapters": [{"t": "00:00", "title": "Sami's new Neuvottelija jacket and the pocket square idea", "seconds": 0}, {"t": "00:53", "title": "LinkedIn suggests Sami a job in Vantaa's ownership steering team", "seconds": 53}, {"t": "02:14", "title": "An investment banker on a city salary of €3,900 a month: a thought experiment", "seconds": 134}, {"t": "02:32", "title": "Trump's EU deal and the paradigm shift", "seconds": 152}, {"t": "03:06", "title": "Sami's disappointment in the EU's negotiating skill", "seconds": 186}, {"t": "05:07", "title": "The systematic failure of EU negotiations", "seconds": 307}, {"t": "07:48", "title": "The absence of US federal VAT against European economic logic", "seconds": 468}, {"t": "09:12", "title": "How the jumper economists reacted, and the impact analysis", "seconds": 552}, {"t": "10:57", "title": "Effects on inflation and interest rates", "seconds": 657}, {"t": "12:16", "title": "The wealth gap between the US, Sweden and Finland", "seconds": 736}, {"t": "14:03", "title": "Europe as a fragile economic area", "seconds": 843}, {"t": "15:15", "title": "Industry's weak competitiveness in the US market", "seconds": 915}, {"t": "17:03", "title": "The case for reassessing municipal holdings — the Vantaa example", "seconds": 1023}, {"t": "18:18", "title": "LNG, energy and bilateral agreements", "seconds": 1098}, {"t": "21:41", "title": "Secondary tariffs and the reallocation of financial capital", "seconds": 1301}, {"t": "23:24", "title": "A new logic for investing pension assets", "seconds": 1404}, {"t": "26:00", "title": "Value choices: development aid or elderly care", "seconds": 1560}, {"t": "27:31", "title": "The new financial world and the fate of pension money", "seconds": 1651}, {"t": "29:01", "title": "Possible capital controls and the thinness of the banking sector", "seconds": 1741}, {"t": "30:34", "title": "Roininen proposes the pension insurers found their own bank in Finland", "seconds": 1834}, {"t": "33:39", "title": "Banking profitability and the sector as an investment", "seconds": 2019}, {"t": "36:22", "title": "Security of supply and the durability of structures", "seconds": 2182}, {"t": "38:01", "title": "A wish for bolder economic policy on the front foot", "seconds": 2281}, {"t": "39:33", "title": "Crypto, energy and the coming China deal", "seconds": 2373}, {"t": "42:37", "title": "The EU's car cluster and the France–Germany–Sweden axis", "seconds": 2557}, {"t": "44:19", "title": "Why can the EU not be a strong negotiator?", "seconds": 2659}, {"t": "45:53", "title": "The US–UK special relationship against the EU's added value", "seconds": 2753}, {"t": "47:10", "title": "Trump's 15 per cent tariffs and the EU's failure", "seconds": 2830}, {"t": "48:45", "title": "Europe's defence costs and the negotiating mandate", "seconds": 2925}, {"t": "50:40", "title": "The 25.5 per cent VAT as the government's weakest act", "seconds": 3040}, {"t": "52:06", "title": "Investors House's strategy and reaching dividend aristocrat status", "seconds": 3126}], "sourceTranscriptType": "finnish-machine-asr-from-video", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and the publisher's own chapter marks, translated one for one; their spacing is irregular and matches the recording. The only Finnish subtitle track is YouTube's automatic one, so no transcript is published here and no English cues were produced. The episode is unanimous — nobody defends the trade deal — and the guest sits on Vantaa's city board and holds a stake in Investors House, which the long-form write-up in the Neuvottelija AI editions states, along with three figures that need qualifying.", "coreTheses": ["The EU lost above all because it had nothing to trade; the decisive threat was that any counter-tariff would simply be added on top.", "Low taxation, a tariff wall and the world's largest single market together create a preferential position for investment in the United States rather than Europe.", "If trade policy became a weapon, finance policy may be the next one, and it acts faster because it travels down the wires rather than through trade and investment.", "Finland's structural weakness is the absence of domestic capital, which explains both the investor base of the government debt and the financing difficulties of SMEs."], "slug": "ep344-trumpin-eu-kyykytys-petri-roininen", "guestsCanonical": ["Petri Roininen"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/petri-roininen/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep344-trumpin-eu-kyykytys-petri-roininen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep344-trumpin-eu-kyykytys-petri-roininen/index.md", "captions": null, "transcript": null, "videoId": "NpY26uSA0zc", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "metadata_only", "aiArticleEn": "https://www.neuvottelija.com/ai/ep344-trumpin-eu-kyykytys-petri-roininen/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep344-trumpin-eu-kyykytys-petri-roininen/"}