SAT Desk
US President Donald Trump’s decision to delay implementing major tariff hikes on most trading partners may have offered some relief, but the extension is also prolonging global trade uncertainty, the UN warned on Tuesday. Days before the three-month pause on his “Liberation Day” tariffs was set to expire, the US president said on Monday he would give trading partners an extra three weeks to hammer out deals to avoid paying sky-high levies for their exports to the world’s biggest economy.
Trump had unveiled sweeping tariffs on imports on April 2, including a baseline 10% tariff on all countries, but following market turmoil he quickly suspended tariffs above 10% until July 9.
