Central banks left with no clean choices

Trump has thrown emerging markets a fresh curve ball.

Get full access to Reuters.com for just $1/week. Subscribe now. One Essential Read One Essential Read Recommended by Edson Caldas, Newsletter Editor Trump leaves emerging market central banks with no clean choices   US tariffs change priorities for many central banks. REUTERS/Francis Mascarenhas Donald Trump's sweeping tariffs package will force many emerging market central banks to make the tough choice between supporting economic activity and keeping fragile currencies stable. Some central banks could cut rates more aggressively than a more ambivalent US Federal Reserve, analysts said. Read the full article Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you've engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions © 2025 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036