Kepler Partners' Josef Licsauer: Tariff tightropes

Trump's plans causing uncertainty

Global trade has long been a delicate balancing act, where policies and partnerships dictate the flow of goods, wealth, and influence.

For emerging markets, the stakes are even higher, as they strive to cement their positions on the global stage and are uniquely susceptible to trade dynamic shifts. Under president-elect Donald Trump, the spectre of tariffs looms large and the uncertainty is palpable. Yet, amid uncertainty, opportunities may emerge for adaptive economies. What we know so far At their core, tariffs are taxes on imported goods, designed to make foreign products less competitive in domestic markets. They can bolster local industries by reducing foreign competition but can also result in higher pr...