US trade wins spell trouble ahead for emerging markets

A revamped Nafta deal means the US can focus on winning its trade war with China. Expect emerging markets to catch more flak in the cross-fire.

A growing number of governments seem to be falling into line with a more aggressive and protectionist US.

As well as renegotiating the North American Free Trade Agreement Nafta and tweaking his country's trade deal with South Korea, US President Donald Trump has now pressured Japan into bilateral trade talks for the first time.

The world’s largest economy is using its heft to striking effect, with the threat of tariffs on US imports of cars being particularly effective in bringing recalcitrant governments to heel.

In the runup to the US midterm congressional elections on November 6, Trump can now focus on...

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