{"id":3696,"date":"2025-08-21T09:34:04","date_gmt":"2025-08-21T08:34:04","guid":{"rendered":"https:\/\/blogg.lnu.se\/china-research\/?p=3696"},"modified":"2025-08-21T09:34:05","modified_gmt":"2025-08-21T08:34:05","slug":"u-s-tariff-developments-remain-important-to-many-emerging-markets","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=3696","title":{"rendered":"U.S. tariff developments remain important to many emerging markets"},"content":{"rendered":"\n<p>Many emerging markets and less developed countries are closely linked to the development of the United States; according to my own definition emerging markets have taken more structural steps in a promising direction than all the clearly lagging developing countries in the world. Growth and market potential is simply more favorable in emerging economies.<\/p>\n\n\n\n<p>This is why Western investors, financial and academic analysts often emphasize on emerging economies. I myself have been doing this for many years at Linnaeus University. Many analytical tools for the studies of emerging markets are similar to those being applied to advanced countries \u2013 but quite a number of these analytical tools are also different or have to be used additionally. For example, institutional conditions like transparency and the quality of statistics or ethics are different. But also the interpretation of widely published statistics &#8211; such as for GDP growth and inflation &#8211; differs normally between developed and less developed countries for the same statistical number.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Examples of emerging countries are \u2013 when quoting the IMF (see <a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\">https:\/\/www.imf.org\/en\/Publications\/WEO<\/a> ) &#8211; in alphabetical order: Argentina, Brazil, Chile, China, Colombia, Egypt, India, Indonesia, Kazakhstan, Lebanon, Malaysia, Mexico, Nigeria, Peru, the Philippines, Russia, South Africa, Turkey, and the Ukraine. So much in general terms.<\/p>\n\n\n\n<p><strong>Strong impact of the U.S. on emerging markets\u2019 exports&nbsp; &nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p>As much as one sixth of total exports from the emerging and developing world goes these days to the U.S. Many of these countries are, particularly hit by raised U.S. tariffs &#8211; also since tariffs for many of these countries have been raised unevenly. This could mean new conditions for competition.<\/p>\n\n\n\n<p>Emerging countries for which the U.S. is the main market for their exports are listed in the following table (<a href=\"https:\/\/www.cia.gov\/the-world-factbook\/field\/exports-partners\/\">https:\/\/www.cia.gov\/the-world-factbook\/field\/exports-partners\/<\/a>). One could find there in 2023, for example, the U.S. as the number one export market for Mexico (76 % of total exports), Cambodia (36 %), Vietnam (28 %), Columbia (27% ), Sri Lanka (22 %), Ecuador (22 %), India (19 %), Thailand (18%), Bangladesh (16 %), Kenya (10 %) and as the number two market for Chile (16 %), Peru (14 %), The Philippines (13 %), Malaysia (12 %), Brazil (10%), Indonesia (9 %) and South Africa (8 %) among others.<\/p>\n\n\n\n<p><strong>Conclusion:<\/strong>\u00a0 When looking at the tariffs that have been (preliminarily?) implemented by President Trump (see <a href=\"https:\/\/dimerco.com\/news-press\/us-tariff-update-2025\/\">https:\/\/dimerco.com\/news-press\/us-tariff-update-2025\/<\/a> ), one can recognize that the emerging markets quoted above (and many others) are heavily hit by the American protectionist tariffs \u2013 meaning a negative impact on the potential output of these emerging countries. Logically, the less developed countries are hoping that (more) free trade will come back not too far away \u2013 and so do many Western corporations which could benefit themselves from better export conditions of emerging countries to the U.S. Such a development would improve GDP growth in emerging countries and their future \u00a0inflow of new U.S. dollars for widened imports \u2013 and, thus, create improving Western market conditions in parts of the emerging market area as well.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/lnu.se\/api\/media\/12178-fw350fh461cy28cw350ch350\" alt=\"\" style=\"width:94px;height:auto\" \/><\/figure>\n\n\n\n<p><strong><em>Hubert Fromlet<\/em><\/strong> <br>Affiliate Professor at the School of Business and Economics, Linnaeus University<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many emerging markets and less developed countries are closely linked to the development of the United States; according to my own definition emerging markets have taken more structural steps in a promising direction than all the clearly lagging developing countries in the world. Growth and market potential is simply more favorable in emerging economies. This [&hellip;]<\/p>\n","protected":false},"author":126,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[545,18943,13398,10503,13622,18944,18948],"tags":[],"class_list":["post-3696","post","type-post","status-publish","format-standard","hentry","category-argentina","category-brazil-and-mexico","category-china-2","category-other-emerging-markets","category-india","category-mexico","category-turkey"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>U.S. tariff developments remain important to many emerging markets - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=3696\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"U.S. tariff developments remain important to many emerging markets - China Research\" \/>\r\n<meta property=\"og:description\" content=\"Many emerging markets and less developed countries are closely linked to the development of the United States; according to my own definition emerging markets have taken more structural steps in a promising direction than all the clearly lagging developing countries in the world. Growth and market potential is simply more favorable in emerging economies. This [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/china-research\/?p=3696\" \/>\r\n<meta property=\"og:site_name\" content=\"China Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2025-08-21T08:34:04+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-08-21T08:34:05+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/lnu.se\/api\/media\/12178-fw350fh461cy28cw350ch350\" \/>\r\n<meta name=\"author\" content=\"Hubert Fromlet\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hubert Fromlet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/?p=3696\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?p=3696\",\"name\":\"U.S. tariff developments remain important to many emerging markets - China Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\"},\"datePublished\":\"2025-08-21T08:34:04+00:00\",\"dateModified\":\"2025-08-21T08:34:05+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/china-research\/?p=3696\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/\",\"name\":\"China Research\",\"description\":\"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38\",\"name\":\"Hubert Fromlet\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?author=126\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. tariff developments remain important to many emerging markets - China Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/china-research\/?p=3696","og_locale":"en_US","og_type":"article","og_title":"U.S. tariff developments remain important to many emerging markets - China Research","og_description":"Many emerging markets and less developed countries are closely linked to the development of the United States; according to my own definition emerging markets have taken more structural steps in a promising direction than all the clearly lagging developing countries in the world. Growth and market potential is simply more favorable in emerging economies. This [&hellip;]","og_url":"https:\/\/blogg.lnu.se\/china-research\/?p=3696","og_site_name":"China Research","article_published_time":"2025-08-21T08:34:04+00:00","article_modified_time":"2025-08-21T08:34:05+00:00","og_image":[{"url":"https:\/\/lnu.se\/api\/media\/12178-fw350fh461cy28cw350ch350"}],"author":"Hubert Fromlet","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hubert Fromlet","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogg.lnu.se\/china-research\/?p=3696","url":"https:\/\/blogg.lnu.se\/china-research\/?p=3696","name":"U.S. tariff developments remain important to many emerging markets - China Research","isPartOf":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#website"},"datePublished":"2025-08-21T08:34:04+00:00","dateModified":"2025-08-21T08:34:05+00:00","author":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogg.lnu.se\/china-research\/?p=3696"]}]},{"@type":"WebSite","@id":"https:\/\/blogg.lnu.se\/china-research\/#website","url":"https:\/\/blogg.lnu.se\/china-research\/","name":"China Research","description":"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38","name":"Hubert Fromlet","url":"https:\/\/blogg.lnu.se\/china-research\/?author=126"}]}},"_links":{"self":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/3696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/users\/126"}],"replies":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3696"}],"version-history":[{"count":3,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/3696\/revisions"}],"predecessor-version":[{"id":3700,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/3696\/revisions\/3700"}],"wp:attachment":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}