Trump, Kazakhstan and Tariffs
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Kazakhstan, whose close ties with Russia and China have made it a significant regional player in Central Asia, has said it is ready to reach a compromise with the Trump administration over tariffs due to take effect next month.
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It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters.
Following White House Press Secretary Karoline Leavitt's statement that more letters are expected soon, the United States President posted five more letters to Malaysia, Kazakhstan, Myanmar, Lao People's Democratic Republic, and South Africa. 25 percent tariff has been imposed on Tunisia on its imports.
The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump's constantly evolving trade agenda.
WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar, all of which would go into effect on Aug. 1.
Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.
ASTANA – United States President Donald Trump signed an executive order on July 7 extending certain tariff rates until Aug. 1. Under the order, Kazakhstan will face a new 25% reciprocal tariff.
Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.