Country exposure to U.S. tariff measures
Chart • August 14, 2025
Which global markets are most at risk from U.S. tariffs and which stand to gain? Not all markets are equally exposed. While some economies face greater risk, others may benefit as global trade routes shift. The key insight? A company’s true exposure isn’t just about where it’s headquartered — where it earns its revenue can also play a significant role. Our economic exposure data helps advisers identify real geographic risks and opportunities to guide global allocation decisions.
Source: MSCI. Data as of July 31, 2025. Utilizing MSCI’s Economic Exposure data to source revenue exposures to the US of the MSCI IMI constituents for developed, emerging, frontier and standalone markets. For comparison purposes, US exposure of MSCI USA IMI is set to 0.