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UN Warns US Tariffs Could Slash Global Trade by 3%

4/14/2025

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Summary

Story summary

The UN has raised alarms that US tariffs may shrink global trade by 3%, redirecting exports from the US and China to nations like India, Canada, and Brazil. China's staggering 125% retaliatory tariffs on US goods are intensifying trade tensions, jeopardizing agricultural exports, especially soybeans, and putting economic stability in developing countries at risk.

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Story summary

The UN has raised alarms that US tariffs may shrink global trade by 3%, redirecting exports from the US and China to nations like India, Canada, and Brazil. China's staggering 125% retaliatory tariffs on US goods are intensifying trade tensions, jeopardizing agricultural exports, especially soybeans, and putting economic stability in developing countries at risk.