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New US tariffs could slash global trade by 3%, hitting South Africa and Namibia hard, the UN warns.
The UN warns that new US tariffs could shrink global trade by 3%, reshaping supply chains and boosting regional trade ties.
Tariffs have forced South African farmers to seek new markets, while the UN urges exemptions for developing nations, arguing that they contribute minimally to US trade deficits.
The tariffs are also causing economic strain on countries like Namibia and South Africa, prompting calls for WTO reform to better protect developing nations.
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Los nuevos aranceles estadounidenses podrían reducir el comercio mundial en un 3%, afectando duramente a Sudáfrica y Namibia, advierte la ONU.