JPMorgan, BlackRock say troubled Trump may hit emerging markets
To distract Americans from his increasing troubles Trump will likely use his previous strategy of focusing abroad.
By Ben Bartenstein|August 23, 2018 at 02:21 PM
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(Bloomberg) –Donald Trump’s in trouble and emerging markets may pay the cost, according to some of the world’s largest money managers.
Facing an increasingly grim legal and political landscape, Trump is likely to double down on his strategy to distract from domestic concerns by fixing his focus abroad, said John Normand, JPMorgan Chase & Co.’s head of cross-asset fundamental strategy in London. That could escalate his push for higher tariffs on $200 billion in Chinese imports, among other things.
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