​EM Assets Hit By Negative Macro Backdrop Amid Trump’s Expected Tariff Flurry Sparking Strong Dollar – Tyler Durden

EM Assets Hit By Negative Macro Backdrop Amid Trump’s Expected Tariff Flurry Sparking Strong Dollar A Republican sweep has been priced into core markets – stronger US equities, higher Treasury yields, and a more robust dollar – largely pressuring emerging market equities and currencies lower. This time, President-elect Trump is expected to hit China with a barrage of tariffs early in his administration. Given tariff risks and trade uncertainty, emerging market equities have been sliding as Trump’s projected protectionist trade policies, higher rates, and stronger dollar imply a negative macro backdrop for EM assets.  On Thursday, Bloomberg’s Sebastian Boyd published a list showing…  — Continue at ZeroHedge News : Read More