花旗：美国引发的贸易动荡及其对新兴市场的影响

V i e w p o i n t | 17 Apr 2025 14:09:17 ET │ 107 pages Emerging Markets Economic Outlook & Strategy US-Led Trade Turmoil and its EM Implications CITI'S TAKE The global trading system has been drastically altered by Liberation Day turmoil and US-China tariff dispute, dealing a significant demand shock to EM. We simulate the growth impact by assuming US trading partners are bucketed into three groups – strong allies, "complicated partners" and China. In reality, we expect trade negotiations could be a lot me ...