Pimco Warns US Markets Mirroring UK and EM After Tariff Shock
Pacific Investment Management Co. headquarters in Newport Beach, California.
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US financial assets are at risk of “mirroring dynamics of the UK and emerging markets” as the Trump administration embraces protectionism, says Pacific Investment Management Co.
“Rapid US policy changes pose challenges for investors accustomed to a global financial system anchored in U.S. markets and assets.,” write Marc Seidner and Pramol Dhawan in a paper published Thursday.