Emerging Markets Economics_ EM Under “America First Trade Policy”_ What’s Next, Who’s Exposed_

V i e w p o i n t | 06 Feb 2025 12:06:57 ET │ 20 pages Emerging Markets Economics EM Under "America First Trade Policy": What's Next, Who's Exposed? wei.zheng.kit@citi.com CITI'S TAKE Early weeks of Trump's 2nd administration show greater uncertainty, bolder (and less targeted) tariff threats, a US foreign policy that appears more assertive, and China showing signs it wants to negotiate. What's next? We assess impact of targeted tariffs on semiconductors, pharmaceuticals, and steel & aluminum. We also asses ...