The European Union is prepared to retaliate against U.S. tariffs but prefers a negotiated resolution, European Commission President Ursula von der Leyen said. She warned that U.S. tariffs would fuel inflation and harm jobs while urging the EU to remove internal trade barriers.
Afghanistan’s foreign trade reached $12.949 billion over the past year, according to the Ministry of Industry and Commerce, signaling a notable increase in economic activity.
The Federal Reserve is widely expected to keep interest rates unchanged at Wednesday’s meeting.
In 2024, China was the EU’s biggest import partner and third-largest export destination, with €213.3 billion in exports and €517.8 billion in imports. This resulted in a €304.5 billion trade deficit, while only Ireland and Luxembourg recorded trade surpluses.
Beijing advises the U.S. to engage with China before imposing new tariffs related to the fentanyl issue.
Belarus and Kazakhstan enhance trade cooperation by expanding exchange trading. BUCE reports a 36% rise in Kazakhstani transactions, with key exports including timber, dairy, and metals.
Türkiye and Greece are setting their sights on achieving a $10 billion bilateral trade volume as part of a newly launched “positive agenda” initiative aimed at bolstering cooperation across healthcare, environment, culture, tourism, economy, and trade.
The global ocean shipping industry, which handles roughly 80% of world trade, is facing heightened uncertainty amid a series of trade and geopolitical threats from the U.S. administration.
Azerbaijan and Pakistan strengthen ties with $2B agreements set for April, boosting trade, security, and energy cooperation. Leaders highlight regional alliances and shared global interests.
A meeting of the Eurasian Intergovernmental Council was held in Almaty, Kazakhstan in a closed format. The heads of government of the Eurasian Economic Union (EAEU) member states discussed current issues of cooperation within the union.
China's trade with Central Asia hit a record high in 2024, with Kazakhstan leading at $43.82B. Rail cargo and joint projects further strengthened regional ties.
Türkiye's exports hit a record $262 billion in 2024, with a reduced trade deficit and positive growth in key sectors, despite global challenges. Economic recovery and growth are expected in 2025.
China has banned exports to the U.S. of items related to the minerals gallium, germanium and antimony that have potential military applications, its commerce ministry said on Tuesday, a day after Washington's latest crackdown on China's chip sector.
The European Union has taken its trade dispute with China to the World Trade Organization (WTO), escalating tensions over tariffs on electric vehicles (EVs). The EU’s complaint challenges Beijing’s duties on European EV imports, which the bloc claims are unjustified and violate WTO rules.
China's state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world's top two economies into a mutually destructive tariff war.
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20.
Kazakhstan and Hungary are set to deepen their collaboration on the Trans-Caspian International Transport Route, a key trade corridor connecting Asia and Europe, Kazakh President Kassym-Jomart Tokayev announced during a joint press conference with Hungarian Prime Minister.
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