Pain is coming for emerging markets from a Trump trade war

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Financial Times 1d ago

Pain is coming for emerging markets from a Trump trade war - Financial Times

Quick Summary:

Finally, emerging markets outside China also face more challenging trade negotiations with Trump than ever before.

That is tilting towards consumption — positive for the consumer and internet companies that dominate Chinese stocks — but with little spillover to broader emerging markets.

The UBS Emerging Markets Risk Appetite Index stands roughly halfway between risk neutrality and risk euphoria — atypically strong relative to the state of global growth.