Ms. Grynspan, the UN trade chief, was responding to growing UN concern about the potential effects of chronic uncertainty on the most vulnerable emerging economies.
As stated by UN News, The UN Secretary-General, Antonio Guterres, declared on Tuesday that "trade wars are extremely negative," and warned that the impact of tariffs may be "devastating."
In an interview with the Financial Times published on Thursday morning, the UNCTAD chief appealed for the US to reconsider its strategy, noting that the 44 Least Developed Countries contribute less than two per cent of the US’s trade deficit, and that higher tariffs would only make their existing debt crisis much worse.
Speaking to UN News, Ms. Grynspan outlined UNCTAD's assistance to developing countries and advocated for stronger regional economic ties to strengthen their hand in international trade negotiations.