# How the Trade War Is Splitting Emerging Markets in Two

Page: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-the-trade-war-is-splitting-emerging-markets-in-two
Text version: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-the-trade-war-is-splitting-emerging-markets-in-two.md
Podcast: [Trade and Tariffs with Fexingo: International Commerce, Trade Wars, and Global Supply Chains](https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709)
Published: 2026-07-08T08:20:13+00:00
Episode link: https://audio.fexingo.com/business/trade-and-tariffs/episode-0101.mp3
Audio file: https://audio.fexingo.com/business/trade-and-tariffs/episode-0101.mp3
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JSON: https://stenobird.com/v1/public/podcasts/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/episodes/how-the-trade-war-is-splitting-emerging-markets-in-two
Duration seconds: 604

## Resource

Episode 101 of Trade and Tariffs with Fexingo: Lucas and Luna break down a striking divergence in emerging markets during the 2026 trade war. While the broad EEM ETF is down nearly 4% over the past week, China's FXI is up 2.8%. The real standout is South Korea's EWY, plunging 10.2%. The hosts drill into why Korea—a bellwether for global trade—is getting crushed while China's domestically-driven economy shows resilience. They discuss the role of the weakening yen, the strong dollar, and shifting supply chains. Plus, a look at the US trade deficit widening to $77.6 billion in May, and what it means for the dollar's trajectory. A must-listen for anyone tracking the real effects of tariff fragmentation. #TradeWars #EmergingMarkets #SouthKorea #EWY #FXI #EEM #GlobalTrade #SupplyChains #TradeDeficit #DollarIndex #Yen #China #KoreaEconomy #Tariffs #ExportMachine #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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