A United Nations organization is appealing to the White House, asking that the administration of President Donald Trump consider a special exemption for developing nations when implementing new tariffs.
The agency, known as UNCTAD (United Nations Conference on Trade and Development), stated in a recent communication that applying broad-based tariffs – even retaliatory ones – to the world’s most vulnerable economies would yield negligible benefits for American trade goals.
Their reasoning suggests these nations represent such a small portion of overall U.S. trade that their inclusion within tariff measures doesn’t significantly advance national economic objectives.
UNCTAD emphasized the potential harm to these smaller and less developed economies, highlighting:
- Their limited capacity to absorb additional financial burdens.
- The disproportionate impact such tariffs would have on their already fragile markets.
“Imposing tariffs on these nations offers little advantage for the United States while posing a substantial risk to their economic stability,” stated a representative from UNCTAD.
Essentially, the organization is advocating for a more targeted approach to trade policy that recognizes the differing circumstances of various economies worldwide.
