Brian Belski, chief investment strategist at BMO Capital Markets, and U.S. Department of Defense Consultant Michael Pillsbury talk about investing in emerging markets and how Alibaba is a representation of the Chinese market. They speak on “Bloomberg Surveillance.”

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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)