GENEVA, July 8 (Xinhua) -- A leading United Nations economist has warned that the U.S. decision to extend its "reciprocal tariffs" pause from July 9 to Aug. 1 actually prolonged the period of uncertainty, undermining long-term investment and business contracts, and creating further uncertainty and instability.
Pamela Coke-Hamilton, executive director of the International Trade Centre (ITC), told a press conference on Tuesday that the prolonged uncertainty is having "real-world consequences," particularly for the world's least developed countries. Such countries as Lesotho, Laos, Madagascar, and Myanmar are set to face levies between 40 percent and 50 percent, she added.
