UNCTAD Warns on Escalating Risks to Vulnerable Economies

UNCTAD warns on escalating risks to vulnerable economies

UNCTAD based the threats on a data-driven analysis titled “Sparing the Vulnerable: The Cost of New Tariff Burdens.” Figures from the United Nations agency confirm that developing nations typically represent a minimal share of global trade; however, “they now face some of the steepest tariff increases.” US tariffs, the entity explained, could exceed 25 percent by July 2025 for 22 developing economies, including seven least developed countries. So…

Deeper divides for vulnerable economies as tariffs bite

A wave of new import tariffs is set to reshape global trade dynamics and significantly raise trade costs for many developing countries, alerts UN Trade and Development (UNCTAD) in a new data-driven analysis, titled “Sparing the vulnerable: The cost of new tariff burdens”. The vulnerable economies most exposed – including Least Developed Countries and Small Island Developing States – typically account for a tiny share of global trade, yet now fac…

Sparing the vulnerable: The cost of new tariff burdens - Caribbean News Global

GENEVA, Switzerland – Vulnerable economies could face some of the highest new US tariffs, resulting in a decline of vital exports and posing substantial risks to their development The participation of vulnerable economies in the global economy remains stubbornly low, despite provisions for special and differential treatment in the multilateral rulebook. New tariff tensions risk further undermining the limited gains made by: Least developed coun…