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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.
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EURO-NEWS broke the news in on Monday, April 7, 2025.
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