1. Trump Resurgence Sinks Emerging Markets From Mexico to China.
- Author
-
Burgess, Matthew, Goko, Colleen, Karakaya, Kerim, and Wilson, Carolina
- Subjects
RUSSIAN invasion of Ukraine, 2022- ,CHINA-United States relations ,INVESTORS ,ECONOMIC conditions in China ,PESO (Mexican currency) ,TARIFF ,FISCAL policy ,INTERNATIONAL trade disputes - Abstract
The resurgence of the "Trump trade" following Donald Trump's election led to a significant impact on emerging markets, with currencies in Mexico, Eastern Europe, South Africa, and China experiencing losses. Trump's promises of stricter trade policies and immigration restrictions have raised concerns about higher US borrowing costs and a stronger dollar, diminishing the appeal of risk assets. The potential implications of Trump's policies on emerging markets, combined with existing macro challenges, have created uncertainty and volatility in these economies. [Extracted from the article]
- Published
- 2024