The UN trade and development's (UNCTAD) latest global trade update makes it clear. Policy uncertainty, more than just tariffs, is the primary disruptor. Businesses can usually adjust to rising costs when they're straightforward, but they struggle to plan when trade rules keep changing.
Per UNCTAD, the world is experiencing record levels of policy unpredictability, driven by geopolitics, competition between industries, and countries pursuing their own agendas through border measures.
