Larry Brainard

Managing Director, Chief Economist
+44 20 7246 7883

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Recent Emerging Markets research

* Fixed Income Scorecard - methodology, Jon Harrison, 21 Jun 2017
EM Watch EM Watch, Jon Harrison, Larry Brainard, Cristobal Arias, Shumita Sharma Deveshwar, Christopher Granville, Jules Bordat, Marcus Chenevix, 19 Jun 2017
* The GRID, Larry Brainard, Jon Harrison, 13 Jun 2017
* EM Watch, Jon Harrison, Larry Brainard, Michelle Lam, Elizabeth Johnson, Shumita Sharma Deveshwar, Christopher Granville, Cristobal Arias, 12 Jun 2017
* Asset Allocation and Absolute Views - methodology, Jon Harrison, 6 Jun 2017

See all our Emerging Markets research >>

Trump vs the ‘new globalization’: A battle the President can’t win

Overview

US-Mexican trade is dominated by global value chains – a characteristic that is important but less evident in US trade with China because of the distances involved. The very presence of such value chains makes it impossible for Trump to realize his threats to impose border taxes on Mexico without causing major damage to US manufacturing jobs. But the same cannot be said about US-China trade, which lacks such well-developed channels for trade. As a result, the risk of a worst-case...

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