As Trump's America sees a boom, others, including India, take a hit

Making America great again isn't proving so great for other parts of the world.

With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump's trade war threatens China, the US is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump's tax cuts kick in.

The end of the short-lived euphoria of a synchronized global upswing is already evident in financial markets. NatWest Markets notes its basket of so-called growth assets such as the Australian dollar and copper is down about 4.5