- Global Trade Update (September 2025): Trade policy uncertainty looms over global markets1.32 MB
Trade policy uncertainty has become a major source of global instability. Sudden shifts in tariffs, subsidies or restrictions fuel volatility.
Policy changes in one country can send shockwaves across the globe, disrupting suppliers, manufacturers and markets. The United States’ recent policy shifts illustrate this. As the world’s largest importer, even modest changes reshape supply chains and alter global trade flows.
Written by the United Nations Conference on Trade and Development
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