Fund managers indicate that relationships with the United States are becoming crucial in global investment decisions. While countries like Mexico are concerned about Trump's tariffs, nations like Argentina and Ecuador seem to benefit from their close ties with the U.S. president.
In Latin America, countries like El Salvador, Argentina, and Ecuador could receive strong support from the Trump administration during its term, according to experts. Argentine dollar bonds have appreciated due to the implemented economic policies and the affinity between Trump and Javier Milei. On the other hand, Daniel Noboa's firm stance against international gangs and his support for foreign military bases could attract the president's attention to Ecuador.
To avoid potential tariffs, India is considering options to reduce its trade surplus with the United States, including the possibility of a trade agreement or tariff reductions. In Europe, investors must discern Trump's opinions on individual countries from his general stance toward the European Union.
In Asia, economies like Vietnam, Malaysia, and Thailand could face challenges if Trump decides to implement widespread tariffs. Political ties with the United States appear to be a key factor for trade and investment relations in the current global landscape. Uncertainty surrounding Trump's tariffs continues to raise concerns in emerging markets and may impact growth in various regions of the world.
