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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