Unctad flags systemic policy unpredictability as structural threat to global trade
- Developing countries and least developed countries face greater as well as delayed trade volatility
- US import swings began before tariffs, showing uncertainty alone disrupts markets
- Companies adapted quickly post-tariffs, proving clarity is less damaging than ambiguity
As trade flows grow more erratic, Unctad highlights policy uncertainty — not tariffs — as the deeper disruptor. A new report urges transparency and diversification to restore stability