# The United Nations Trade and Development agency has raised red flags over rising global tariffs, warning they could devastate the world’s poorest economies. A new UNCTAD report urges exemption for least developed countries from proposed US reciprocal tariffs targeting 57 trade partners. The agency says while these nations contribute minimally to US deficits, the tariffs, if imposed after a 90-day pause, could cripple vulnerable economies. Agricultural imports including cocoa and vanilla could see price hikes.
UNCTAD warns steep tariffs could harm world’s poorest economies