The global economy is once again entering a turbulent phase, driven in part by the revival of aggressive U.S. trade policies under Donald Trump. His return to unilateral tariffs—particularly in the context of U.S.-China tensions—risks not only disrupting direct trade but also undermining the stability of global supply chains. While the immediate effects include higher prices and export slowdowns, the deeper, more lasting damage lies in weakened business confidence, delayed investments, and a breakdown in multilateral cooperation. For emerging markets, this isn’t just a moment to react—it’s a moment to rethink. To navigate this uncertainty, they must diversify their trade relationships, invest in regional partnerships, and build resilience in their economies. The shift toward a more multipolar and self-reliant trade system is not just inevitable, it’s essential.
Speaking exclusively to ET EDGE INSIGHTS, Carlos Hardenberg, Founder & Portfolio Manager, MCP Emerging Markets LLP, discussed the rising global market volatility driven by Donald Trump’s aggressive trade stance. He explored the far-reaching impact of tariffs, the evolving role of emerging markets, and whether the world is truly entering a new era of global trade. Hardenberg also highlighted Asia’s shifting economic gravity, investment opportunities in India, and shares valuable guidance for retail investors navigating today’s complex geopolitical landscape. He stated that “In times of uncertainty, staying invested with a long-term perspective often proves more rewarding than trying to time the market.”
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