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Tags: tariffs | catastrophic impact | developing countries | united nations

UN: Tariffs to Have 'Catastrophic Impact' on Developing Countries, Worse Than Foreign Aid Cuts

Friday, 11 April 2025 07:50 AM EDT

"Reciprocal tariffs" and countermeasures could have a catastrophic impact, even worse than foreign aid cuts, on developing countries, the director of the United Nation's trade agency told Reuters on Friday.

Global trade could shrink by 3-7% and global GDP by 0.7%, with developing countries the worst affected, the International Trade Center said. 

© 2026 Thomson/Reuters. All rights reserved.


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"Reciprocal tariffs" and countermeasures could have a catastrophic impact, even worse than foreign aid cuts, on developing countries, the director of the United Nation's trade agency told Reuters on Friday...
tariffs, catastrophic impact, developing countries, united nations
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2025-50-11
Friday, 11 April 2025 07:50 AM
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