US-Zölle sind Herausforderung für Emerging Markets, bieten aber bestimmten Ländern auch Chancen.
Aufgrund der US-Politik werden handelspolitische Allianzen überdacht – stärkere Regionalisierung möglich.
Dank breiter Länderzusammensetzung sind Schwellenländeranleihen (EMD) in Hartwährung (HC) weniger direkt von Zollpolitik betroffen.
Zu Beginn der Trump-Ära 2.0 haben der Präsident und seine Regierung Maßnahmen eingeführt, die erhebliche Auswirkungen auf die Investitionslandschaft haben. Ein wichtiges Beispiel sind die Zölle. Der Regierungsansatz, der vor dem Hintergrund der nationalen Sicherheit formuliert wurde und darauf abzielt, die Handelsbeziehungen sowohl mit Verbündeten wie Mexiko und Kanada als auch mit Wettbewerbern wie China neu zu kalibrieren, spiegelt einen strategischen Wandel in der Wirtschaftspolitik
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