US is bringing the tariff to EM and china level. Also look at India’s tariff …… we are not victim over here… we are a perpetrator and US is just responding.
Rising oil prices, falling currency, overvalued markets, slowdown in market inflows or even ILFS… take your pick
But the oil prices have already started pricing themselves out. India’s best selling common man car just went off the waiting list period and is even available at some discount. It seems OIL is a consensus trade but at wrong time
China has almost taken care of the 10% US tariffs with a currency depreciation of similar-size. What will happen when tariffs go to 25%?
Hi Ritesh,
Could you please elaborate your conclusion on Chart #1 i.e. “US Tariffs at now EM level” ?
I failed to interpret it effectively.