The Trump administration just announced that it will slap a 10% tariff on about US$200 billion in Chinese goods next week further intensifying the prolonged trade war between the world’s two biggest economies.

How would this impact emerging market debt and currencies moving forward?

We ask Sergei this.

We also get his thoughts on whether he thinks the ongoing currency crisis in the emerging markets could turn into a broader slowdown and a recession.

Sergei also shares his currency bets.

See omnystudio.com/listener for privacy information.