India, Feb. 13 -- Recent US tariff changes have altered global trade dynamics, creating a more differentiated tariff structure.

This shift has impacted developing countries the most, widening their competitive disadvantage.

While some sectors see opportunities, the overall effect is a complex reallocation of market shares, urging countries to monitor and adapt to these changes.

Recent tariff adjustments by the United States have significantly altered competitive conditions in global export markets, moving from largely uniform treatment of trading partners to a more differentiated tariff structure, according to a new Global Trade Update from UN Trade and Development (UNCTAD).

The report, Who wins when trade policies shift?, showed that...