this post was submitted on 16 Apr 2025
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UN trade agency urges US to exempt poorest countries from reciprocal tariffs (www.euronews.com)
submitted 4 days ago by AINewsBot@hilariouschaos.com to c/news_summary@hilariouschaos.com
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Author: Kieran Guilbert
Published on: 15/04/2025 | 00:00:00

AI Summary:
UN Trade and Development agency (UNCTAD) urges the US to exempt the world's poorest and smallest nations from reciprocal tariffs. US President Donald Trump announced sweeping tariffs on 57 trading partners earlier this month. The pause has left these states facing a 10% universal levy that applies to almost all countries. Vanilla from Madagascar and cocoa from Côte d'Ivoire and Ghana imports. In 2024, the US imported vanilla worth approximately $150 million (€132 million) from Madagascar. Cocoa imports from Ghana were valued at about $200 million.

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[–] cornshark@lemmy.world 1 points 4 days ago

If the tariffs are "reciprocal" why don't these poor countries simply drop their tariffs on the US so there is nothing to reciprocate?