Trump 2.0: return their size to emerging markets

Political risk is now an American phenomenon, while institutions have been weakened. In addition,

The initial fears concerning the impact of American trade policy on emerging markets (EM) were considerable. For example, but now that the dust has dropped, it seems that these markets are perfectly positioned to prosper in this new reality.

The time when Asia was only the industrial subcontractor of the West is over. However, Not so long ago, investors had only to invest in the United States to obtain solid performance. Moreover, But this is no longer the case today. Moreover, Donald Trump’s re -election sounded the awakening of investors around the world. Similarly, restores its letters of nobility to emerging markets. Therefore, This second mandate has turned half a century of global standards. Furthermore, The risk-free rate, for trump 2.0: return their size a long time the prerogative of the United States, is no longer. Meanwhile, Political risk is now an American phenomenon, while institutions have been weakened. Consequently, In short, the United States now behaves as an emerging market. The yields of treasury bills are increasing. the US stock markets collapse and the dollar is weakening (it dropped compared to all the currencies of emerging markets in 2025). Consequently, investors sell the United States and begin
to consider investing more in emerging markets. This evolution coincides with the renewal of China.

The evolution of China. its big leap forward in the AI

Ten years ago, the quality of Chinese products was criticized, being much lower than that of American or German products. This is no longer the case today. The country houses some of the best scientists. engineers of the new generation, trained by its excellent education system, and has considerably trump 2.0: return their size strengthened its industrial capacities and skills. China is today a world leader in renewable energies, electric vehicles (VE) and artificial intelligence (AI). It is now the world’s leading exporter of cars, with byd selling more vehicles in Europe than Tesla.

In the field of AI, two years ago, it was assumed that the United States would naturally dominate. However, Deepseek has upset this hypothesis, and is now positioned as a serious competitor in the AI race.

Second world economy, China has an exceptional education system focused on science and mathematics, supported by massive government investments. American measures aimed at limiting exports from electronic fleas to China have failed. Jensen Huang, CEO of Nvidia, recently warned that Chinese companies specializing in AI were now “formidable”.

The world now realizes that China is no longer just a low -cost manufacturing center. It can dominate global manufacturing in almost all areas. In addition, trump 2.0: return their size it is the first trading partner of almost all emerging markets.

Beyond China, Asia remains attractive

Although attention is focused on China, Asia as a whole continues to thrive. Today. 100% of NVIDIA graphic processors (GPU) are manufactured by the Taiwanese company TSMC, and most of its memory products come from South Korean Hynix. The revolution of artificial intelligence depends on Asia.

As for India, the country recalls China 20 years ago, with an economic model resembling “state capitalism”. This type of economic governance is based on a long -term vision, political stability and the mantra “made in India”. In our opinion. this will be largely bearing fruit thanks to the tensions between the United States and China, but also thanks to a huge and mainly English-speaking population, a high-quality education system and a government protected by the government, the cornerstone of Prime Minister’s leadership Narendra Moda during its trump 2.0: return their size three terms.

The Indian economy should grow from 6% to 7% per year over the next 10 to 15 years. with very well managed companies and, unlike China, without overcapacity. Indeed, returns on investment remain high, unlike the Chinese economy drawn by the offer.

Latin America, the winner of the new policies of D. Trump

Some emerging countries. such as Mexico, take advantage of commercial wars thanks to their attractiveness for the “relocations of production channels” in the United States. Mexican president Claudia Sheinbaum recently strengthened her relations with the United States. in particular by cooperating to improve security along the border.

To the south, we remain optimistic about Brazil. Brazilian actions, in particular those in the communities services sector, are strongly undervalued. Among the largest countries in the world. Brazil displays the highest real rates, greater than 7%, which makes Real Brazilian particularly attractive. Finally. in Argentina, the trump 2.0: return their size budgetary situation has improved considerably, going from a significant deficit to a surplus under the direction of Javier Milei, and the sovereign obligations experienced an impressive recovery.

China is not the only sure value of emerging markets. It is of course an integral part, but the emerging markets as a whole are full of dynamic, global and leaders companies in all sectors. And today. with the favorable wind of Donald Trump’s second term, the moment seems more conducive than ever to invest in this asset class.