Emerging Market Monitor: Hit by the Trump Trade (Pictet Asset Management)

With President Trump enacting protectionist campaign promises, we ask which emerging markets could suffer the most. On 22 January, Donald Trump imposed steep tariffs on imported solar panels (30 per cent) and washing machines (20 per cent), clearly targeting China. These latest moves show he is committed to his campaign promise of tightening trade policy. We believe this will inflict damage on emerging markets – and not just China. READ MORE

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