Emerging markets fund is on track for biggest drop since 2020 due to tariff fears

The iShares MSCI Emerging Markets ETF (EEM) was on pace Friday for its biggest drop since June 2020, as President Donald Trump's retaliatory tariffs raised fears of a global trade war and recession. The fund last traded around 5% lower, and it's on track to lose more than 6% on the week. Year to…