UN calls on Trump to exempt poorest countries from ‘reciprocal’ tariffs
by Heather Stewart Economics editor from on (#6WKV1)
Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US
The UN's trade and development arm, Unctad, is calling on Donald Trump to exempt the world's poorest and smallest countries from reciprocal" tariffs, or risk serious economic harm".
In a report published on Monday, Unctad identifies 28 nations the US president singled out for a higher tariff rate than the 10% baseline - despite each accounting for less than 0.1% of the US trade deficit.
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