International bonds issued by emerging economies with higher risk profiles are experiencing significant declines following the implementation of President Donald Trump's tariffs on China. Pakistan's dollar-denominated bonds with longer maturities dropped over 6 cents, falling below the distressed 70-cent mark. Bonds from Sri Lanka, Nigeria, and Egypt also registered decreases between 3.5-4.5 cents, albeit with limited trading activity. The escalating selloff in frontier markets' debt began when Trump announced tariffs last week, resulting in losses of over 10 cents for many bonds in this category over the past week. This downturn is driving up borrowing costs for these economies, pushing yields into double-digit territory, hampering their access to international capital markets. Concerns are rising about frontier economies' ability to secure external funding in light of global market uncertainties and waning risk appetite. This could lead to currency depreciation and restrict central banks' capacity to lower interest rates to support their economies. Following the economic shocks from COVID-19 and the conflict in Ukraine, many African sovereigns had just reentered the Eurobond markets after a two-year hiatus, only to face defaults in countries like Ghana and Zambia. The new tariffs have exacerbated global growth concerns and heightened vulnerabilities for lower-rated frontier markets during risk aversion episodes.