💨 Abstract

The U.N. Trade and Development agency has urged the Trump administration to exclude the poorest and smallest economies from reciprocal tariffs, stating that it would have minimal impact on U.S. trade policy objectives while potentially causing serious harm abroad. The tariffs, which range from 11% to 50%, were initially imposed on 57 trading partners, including the EU, but a 90-day pause has been implemented for all but China.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖