UNCTAD’s September 2025 update finds trade-policy uncertainty at unprecedented levels—often more disruptive than tariffs—triggering front-loading, shipment rerouting and higher volatility, especially for SMEs and developing/LDC exporters. The brief flags recent U.S. policy shifts as a case study and urges advance notice, rule-based coordination and market diversification to restore predictability. Source: UNCTAD
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