Top Nepali exports to the US included carpets. - The Kathmandu Post
KATHMANDU: New tariff tensions could further undermine the modest gains of least developed countries (LDCs), small island developing states (SIDS) and landlocked developing countries (LLDCs), according to a recent report.
The United Nations Conference on Trade and Development, in its May publication titled “Sparing the Vulnerable: The Cost of New Tariff Burdens”, warns that these vulnerable economies could face some of the highest new US tariffs. This could lead to a decline in critical exports and pose substantial risks to their long-term development prospects.
