EM Assets Slide on Latest Tariff Salvo, Cloudy Fed Rate Cut View
NegativeFinancial Markets

Emerging-market assets have taken a hit following the latest round of US tariffs, which includes a staggering 100% duty on branded pharmaceuticals. This move has dampened investor sentiment, while robust economic data from the US has complicated expectations for Federal Reserve rate cuts. As a result, the dollar remains strong, further impacting emerging markets. This situation is significant as it highlights the ongoing tensions in global trade and the potential ripple effects on economies reliant on exports.
— Curated by the World Pulse Now AI Editorial System