UN calls on Trump to exempt poorest countries from ‘reciprocal’ tariffs

Unctad points out that many countries targeted with high tariff rates are unlikely to be a threat to USThe 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. Continue reading...