Donald Trump’s trade wars and tariffs are dragging down the global economy, the UN’s trade and development body, UNCTAD, has warned. Trump’s policies have disrupted supply chains, paralysed investment, and reduced growth projections. Foreign investment has fallen to levels last seen during the financial crisis, with developing nations such as Vietnam, Cambodia, and Malaysia could be among the hardest hit. Trump’s threat of 40% tariffs on their exports risks reducing trade and destroying jobs. Even the US faces recession risks, with consumer spending falling and Moody’s putting the chance of a downturn at close to 48%. Trump’s promises of prosperity and peace have instead delivered conflict and economic uncertainty.
Donald Trump’s trade wars and tariffs are dragging down the global economy, the UN’s trade and development body, UNCTAD, has warned. Trump’s policies have disrupted supply chains, paralysed investment, and reduced growth projections. Foreign investment has fallen to levels last seen during the financial crisis, with developing nations such as Vietnam, Cambodia, and Malaysia could be among the hardest hit. Trump’s threat of 40% tariffs on their exports risks reducing trade and destroying jobs. Even the US faces recession risks, with consumer spending falling and Moody’s putting the chance of a downturn at close to 48%. Trump’s promises of prosperity and peace have instead delivered conflict and economic uncertainty.
Donald Trump’s trade wars and tariffs are dragging down the global economy, the UN’s trade and development body, UNCTAD, has warned. Trump’s policies have disrupted supply chains, paralysed investment, and reduced growth projections. Foreign investment has fallen to levels last seen during the financial crisis, with developing nations such as Vietnam, Cambodia, and Malaysia could be among the hardest hit. Trump’s threat of 40% tariffs on their exports risks reducing trade and destroying jobs. Even the US faces recession risks, with consumer spending falling and Moody’s putting the chance of a downturn at close to 48%. Trump’s promises of prosperity and peace have instead delivered conflict and economic uncertainty.
VDO
