A Trump Victory Poses Threat to Emerging Markets, U.S. Fund Manager Says David Randall - Reuters
go to original April 1, 2016

American Action Forum President Douglas Holtz-Eakin on the impact trade tariffs on China and Mexico could have on U.S. consumers. (Fox Business)

A Donald Trump victory in the November U.S. presidential election would wreak havoc on emerging market stocks, said portfolio manager Rick Schmidt, a co-manager of the $2.4 billion Harding Loevner Emerging Markets stock fund.

"Trump is a nativist and would absolutely destroy" share prices in Mexico and other emerging markets closely linked to the United States, Schmidt said in an interview with Reuters.

The Trump campaign did not immediately respond to a request for comment.

Trump, the Republican presidential front-runner, has threatened to impose steep tariffs on Chinese and Mexican imports.

His ascendancy comes at a time when many emerging markets appear to be rebounding from a two to three year bear market as currency declines have made their exports more competitive, Schmidt said.

Read the rest at Reuters

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Related: Anti-NAFTA Rhetoric in US Presidential Race Marks Fresh Attack on Free Trade (The Telegraph)

Related: U.S. Business Circles Worried about Republican Candidate Donald Trump (Prensa Latina)

Related: It Wasn’t China That Ruined the Middle Class; It Was Republican Policies (Market Watch)

Related: The Great Wall of Trump Would Be the Ultimate Eminent Domain Horror Show (Cato Institute)

Related: Trump Vows to 'Break' NAFTA, But Many Workers May Owe Their Jobs to Free Trade (KUOW)

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