https://www.taxtmi.com/news?id=40697 Reciprocal tariffs imposed by major economies are disrupting global trade, prompting export diversion from affected markets toward alternative destinations and concentrating losses in labour intensive industries like apparel. Estimates indicate a notable contraction in trade volumes and a long run GDP impact from sustained measures and countermeasures. Developing countries are advised to prioritise diversification, value addition and regional integration to mitigate employment and export revenue risks while geopolitical manoeuvring suggests prolonged uncertainty over tariff escalation and duration. en-us Sat, 12 Apr 2025 09:46:04 +0530 Sat, 12 Apr 2025 09:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40697 Reciprocal tariffs imposed by major economies are disrupting global trade, prompting export diversion from affected markets toward alternative destinations and concentrating losses in labour intensive industries like apparel. Estimates indicate a notable contraction in trade volumes and a long run GDP impact from sustained measures and countermeasures. Developing countries are advised to prioritise diversification, value addition and regional integration to mitigate employment and export revenue risks while geopolitical manoeuvring suggests prolonged uncertainty over tariff escalation and duration. News - Sat, 12 Apr 2025 09:46:04 +0530 https://www.taxtmi.com/news?id=40697