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The Impact of Reciprocal Tariffs by the United States on Developing Countries

  • Unique Paper ID: 182086
  • Volume: 12
  • Issue: 2
  • PageNo: 703-710
  • Abstract:
  • Reciprocal tariffs, a trade policy tool aimed at ensuring equal treatment in international trade, have been increasingly employed by the United States in recent years. While these tariffs are designed to protect domestic industries and address trade imbalances, their impact on developing countries has been significant. This paper examines the economic implications of reciprocal tariffs imposed by the U.S. on developing nations, focusing on trade volumes, economic growth, and poverty levels. Using data from the World Bank, International Trade Centre, and U.S. International Trade Commission, the analysis reveals that reciprocal tariffs have disproportionately affected developing countries, leading to reduced export revenues, slowed economic growth, and increased poverty in some regions. The paper concludes with policy recommendations to mitigate these adverse effects.
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  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 2
  • PageNo: 703-710

The Impact of Reciprocal Tariffs by the United States on Developing Countries

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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