A leading UN trade official has warned that the United States' decision to delay the end of a tariff suspension by a few weeks risks prolonging global uncertainty and undermining long-term investments and commercial contracts.
While the initial 90-day pause on so-called "reciprocal" tariffs offered some relief compared to planned increases of up to 50 per cent, the U.S. imposed a 10 per cent baseline tariff instead, added on top of existing duties. This means many countries, especially developing economies, faced higher costs exporting goods to the United States.
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by Joji Xavier
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