Special Edition

Part 3 — Emerging economies: More opportunities or more risks?

06/26/2025

The protectionist shock imposed by the United States will lead to further adjustments in production chains and global trade. Will emerging countries (excluding China) be able to benefit once again, even as competition from Chinese products intensifies on their domestic markets? Will they be able to gain market share in the United States, or even in China? Will they be able to reduce their dependence on either of the two superpowers?

THE ECONOMISTS WHO PARTICIPATED IN THIS ARTICLE

Other articles from the same publication

Bi-annual Conference — The new US trade tariffs: What are the consequences? How will trade be restructured?

Bi-annual Conference — The new US trade tariffs: What are the consequences? How will trade be restructured?

Last December, the Economic Research department of BNP Paribas invited you to discuss the consequences of Donald Trump's return to power on the global economy and its repercussions on energy and climate issues [...]

Read the article
United States
Part I — Trump faced with reality

Part I — Trump faced with reality

Donald Trump has, for the most part, taken a wait-and-see approach following his destabilising announcements on trade tariffs. Nevertheless, the damage has been done and uncertainty remains high [...]

Read the article
Part 2 — What can we expect from European (re)mobilisation? ?

Part 2 — What can we expect from European (re)mobilisation? ?

“Europe will be forged in crises and will be the sum of the solutions adopted to resolve these crises,” wrote Jean Monnet. Faced with tariffs and the isolationist temptation of the United States, Europe has cards to play, such as intra-zone trade [...]

Read the article