Containers wait to be transported near Tianjin port in northern China in February. China, the world’s largest exporter, has seen shipments fall and could face more challenges once a proposed US border adjustment tax or threatened tariffs take effect. Photo: Reuters

Trump, taxes and trade: why emerging markets must prepare now for the US shock waves

Shang-Jin Wei says higher levels of FDI and greater exchange-rate flexibility could be safeguards for China and other developing economies set to experience volatility as President Donald Trump puts America first

Topic |   Donald Trump

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Containers wait to be transported near Tianjin port in northern China in February. China, the world’s largest exporter, has seen shipments fall and could face more challenges once a proposed US border adjustment tax or threatened tariffs take effect. Photo: Reuters
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