Measuring impact of US tariffs on Central Asia and South Caucasus
- The Trump administration imposed global tariffs on imports, affecting various economies in 2024.
- Central Asian states are trying to boost regional trade amidst global tariff policy shifts.
- Kazakhstan's trade turnover with the US was $3.4 billion in 2024, mostly in tariff-exempt goods.
- Kazakh economist Rysmambetov said countries facing duties will seek new markets.
- Analysts estimate a potential 5-10% contraction in trade volumes due to tariffs.
6 Articles
6 Articles
Central Asian Trade Relationships Face Potential Shifts
Economic analysts in Central Asia and the Caucasus widely believe that the immediate impact of the US tariff policy on their respective countries’ exports will be limited. Even so, some worry about potential, unforeseen consequences arising out of a global trade war. The Trump administration’s announcement of global tariffs on imports comes at a time when Central Asian states are coming together in an attempt to boost regional trade. The tariff …
LINKS Europe holds expert conference in The Hague on political transition in the South Caucasus
A conference organised in The Hague by LINKS Europe Foundation brought together experts and activists from the South Caucasus, the European Union and beyond to discuss the current state of political transition in the region. The gathering gave particular attentions to the European Union's evolving role in the region amidst rapidly changing domestic and regional dynamics as well as Türkiye's influence as a regional power.
Trump’s Tariff Blitz Targets Global Imports, Kazakhstan Faces Harshest Impact in Central Asia – The Times Of Central Asia – EUROP INFO
In a sweeping move that has reverberated across global markets, former President Donald Trump has initiated a series of aggressive tariffs aimed at a range of foreign imports, a decision that threatens to reshape trade dynamics and economic relationships on an international scale. Among the nations feeling the brunt of these tariffs is Kazakhstan,which finds itself facing the harshest repercussions in Central Asia. With its economy deep…
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