onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: New trade war deadline prolongs instability, UN trade agency says
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

New trade war deadline prolongs instability, UN trade agency says

Last updated: July 8, 2025 7:08 am
Oliver James
Share
2 Min Read
New trade war deadline prolongs instability, UN trade agency says
SHARE

GENEVA (Reuters) -The Trump administration’s decision to extend a negotiating deadline for tariff rates is prolonging uncertainty and instability for countries, the executive director of the United Nations trade agency said on Tuesday.

U.S. President Donald Trump on Monday ramped up his trade war, telling 14 nations, from powerhouse suppliers such as Japan and South Korea to minor trade players, that they now face sharply higher tariffs from a new deadline of August 1.

“This move actually extends the period of uncertainty, undermining long-term investment and business contracts, and creating further uncertainty and instability,” Pamela Coke-Hamilton, executive director of the International Trade Centre, told reporters in Geneva.

“If a business is not clear on what costs they are going to pay, they cannot plan, they cannot decide on who will invest,” Coke-Hamilton said, citing the example of Lesotho, where major textile exporting companies have withheld their investment for the time being, pending a tariff outcome.

The uncertainty, combined with deep cuts in development aid, had created a “dual shock” for developing countries, she added.

Countries have been under pressure to conclude deals with the U.S. after Trump unleashed a global trade war in April that roiled financial markets and sent policymakers scrambling to protect their economies.

(Reporting by Olivia Le Poidevin and Emma Farge, Editing by Miranda Murray)

You Might Also Like

Facial recognition technology use in search for New Orleans jail escapees under scrutiny

Trump seizes on videos of a fringe South African politician as evidence of threats to white farmers

US wants Rwandan troops out of Congo before peace deal signed, sources say

EU ‘working for war’ – Kremlin

What Musk’s Exit Means for DOGE and the Trump Administration

Share This Article
Facebook X Copy Link Print
Share
Previous Article My husband is an identical triplet. No, I’m not attracted to his brothers, and I only mixed them up once. My husband is an identical triplet. No, I’m not attracted to his brothers, and I only mixed them up once.
Next Article The Return Of The “Pony”. Mustang Gas-Powered Version Tops Mach-E The Return Of The “Pony”. Mustang Gas-Powered Version Tops Mach-E

Latest News

Which Cryptocurrency Is More Likely to Be a Millionaire Maker? XRP vs. Shiba Inu
Which Cryptocurrency Is More Likely to Be a Millionaire Maker? XRP vs. Shiba Inu
Finance July 9, 2025
Here’s How Much You Should Aim to Have Invested in Stocks Today if You Want to Retire With  Million and Have 20 Years or Less to Go
Here’s How Much You Should Aim to Have Invested in Stocks Today if You Want to Retire With $1 Million and Have 20 Years or Less to Go
Finance July 9, 2025
The Best Vanguard ETF to Invest 0 In Right Now
The Best Vanguard ETF to Invest $500 In Right Now
Finance July 9, 2025
Should You Follow This 1 Shocking Cryptocurrency Recommendation From a Top Financial Advisor?
Should You Follow This 1 Shocking Cryptocurrency Recommendation From a Top Financial Advisor?
Finance July 9, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.