President of Kazakhstan Kassym-Jomart Tokayev has sent a reply letter to President Donald Trump concerning tariffs imposed on Kazakh exports to the United States, Akorda press service announced.
In his letter, Tokayev stated that 'as a long-standing trading and investment partner of the United States, Kazakhstan remains committed to fostering fair, predictable, and mutually beneficial trade relations.'
Kazakhstan's President reaffirmed the country’s readiness to engage in constructive dialogue aimed at developing rational solutions to existing trade issues.
He also expressed confidence in reaching a mutually acceptable compromise.
The U.S. administration informed Kazakhstan on Monday that a flat 25% import tariff would be applied to selected goods from several countries, including Kazakhstan.
Kazakh Ministry of Trade and Integration said in a statement that around 95% of Kazakhstan’s exports to the United States would remain unaffected.
Exemptions include key raw materials and strategic commodities such as crude oil, uranium, silver, ferroalloys, tantalum and titanium.
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