The United Nations (UN) Conference and Development Conference (UNCTAD) called for the most poor and fragile developing countries to be excluded from the mutual tariffs of the USA.
UNCTAD published his report titled “Increased Customs Tariffs: Effect on Small and Fragher Economies”.
The report stated that the system based on rules has increased international trade in recent years and contributed to the gradual and steady reduction of the customs duties received from imported goods.
“In contrast, the higher tariffs that have recently been implemented by large economies, the climbing trade tensions and the effects of developing countries should be exempted from mutual tariffs.” called.
The tariffs, which are currently suspended for 90 days, were determined for the purpose of balancing the bilateral goods trade deficit between the US and 57 trade partners, while mutual tariffs did not significantly reduce the trade deficit of the United States in many cases, and the risk of destruction of developing and developed economies was reported to have the risk of destruction.
The impact of poor countries on the trade deficit of the US is minimal
The report shared that 11 of the 57 trade partners of the USA are among the least developed countries and that the contribution of these countries to the trade deficit of the US is at a “minimal” level.
“The US (against these countries) will make any commercial concession, which means very little for the United States,” the report said that 28 of the trade partners are less than 0.1 percent of the US share in the trade deficit of the US. said.
Tariffs will increase consumer prices
The report includes the warning that many imported goods may weaken due to high prices in case of re -activation of mutual tariffs after the suspension time, while the following information was shared:
“Even if the US imports remain at the levels of 2024, the additional tariff income collected from poor and smaller economies will be at a minimum level. For each of the 57 trading partners, mutual tariffs will constitute less than 1 percent of the US current tariff revenues. This figure was at the level of 83 billion dollars in 2024. means it will happen. “
Potential mutual tariffs that will face some countries in the United States exporting agricultural products that are not produced and these products are limited in the report stated that Madagascar Vanilla, Ivory Coasts and Ghana’s cocoa exports were some of these products.
The report stated that the US imported $ 150 million from Madagascar in 2024 and imported cocoa of approximately $ 800 million from Ivory Coasts and 200 million dollars from Ghana.
