Tariffs have been front-page news for the last few months, virtually since the moment that the Trump Administration came into office. Along with this news has come considerable commentary on the impact the tariffs may have on the U.S. and the global economy and relations between the U.S. and important trading partners such as China, Canada, Mexico, and the European Union (EU).  What has not been as widely discussed is the impact that the new tariffs and related trade tensions might have on the economies of emerging markets and developing economies (EMDEs) and, in particular, the extent to which the economic fallout from these developments creates the potential for heightened sovereign debt distress among these countries. […]