UN Trade and Development’s 195 member states gathered Monday in Geneva for the 16th conference on Trade and Development, where leaders discussed the implementation of current World Trade Organization (WTO) rules under tariffs imposed on United States trade partners.

US tariffs threaten to put significant pressure on global trade and developing nations’ economies. Rebeca Grynspan, Secretary-General of the United Nations Trade and Development explained how the tariffs place many nations in a bind:

A debt and development crisis is still facing countries with impossible choices. They have to decide: to default on their debt or on their development… Uncertainty is the highest tariff possible… [It] discourages investment, slows growth and makes trade as a path to development much harder.

See Full Page