US EditionUN Trade Agency Urges US To Exclude Poor States From Tariffs
- The UN Conference on Trade and Development urged the US to exempt 28 vulnerable countries from tariffs, warning of economic harm while having little effect on US trade deficits.
- The paused tariffs, initially imposed, affect countries contributing less than 0.1% to the US trade deficit, including Lesotho and Madagascar.
- UNCTAD reported that the new tariffs would generate less than 1% of US tariff revenues for 36 of the 57 countries listed, warning of increased consumer prices.
- UNCTAD highlighted that these countries have limited export opportunities, and trade concessions from them would result in reduced revenue for their economies.
20 Articles
20 Articles
UN trade agency urges US to exclude poor states from tariffs
The U.N. Trade and Development agency urged U.S. President Donald Trump's administration on Monday to exclude the poorest and smallest economies from reciprocal tariffs because it "would have minimal impact on United States trade policy objectives."
UN Trade Agency Urges US To Exclude Poor States From Tariffs
The U.N. Trade and Development agency urged U.S. President Donald Trump's administration on Monday to exclude the poorest and smallest economies from reciprocal tariffs because it "would have minimal impact on United States trade policy objectives."
UNCTAD Urges U.S. to Ease Tariffs on Vulnerable Economies
UNCTAD Urges U.S. to Ease Tariffs on Vulnerable Economies The United Nations Trade and Development agency has called on the Trump administration to reassess its tariff strategy by excluding the world's poorest economies from reciprocal tariffs. UNCTAD argues this would have minimal impact on U.S. trade goals.The recommendation came after U.S. President Donald Trump imposed steep tariffs, ranging from 11% to 50%, on 57 trading partners. These tar…
'They’re small, poor' - UN wants Trump to exempt 28 countries from tariffs
The United Nations, UN, through its trade and development arm, UNCTAD, has warned President Donald Trump of an impending ‘serious economic harm’ over the global reciprocal tariffs. The UN called on the American leader to exempt the world’s poorest and smallest countries from “reciprocal” tariffs, or risk “serious economic harm”. In its report on Monday, UNCTAD identified 28 countries Trump should singled out for a higher tariff rate than the 10%…
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