U.S. tariffs to impact under $100M of Kazakh exports - EFSDNew U.S. import duties will impact less than $100 million worth of Kazakh exports, representing just 5% of bilateral trade, according to Eurasian Fund for Stabilization and Development (EFSD) analysts."Only 5% of bilateral trade, worth under $100 million, faces these tariffs - an insignificant amount," EFSD Analytical Department Director Taras Tsukarev said, adding that Kazakhstan's Trade Ministry would negotiate the affected items.The tariffs, set to take effect August 1, will primarily affect phosphorus products, wheat gluten, and nitrogen fertilizers. "Our affected producers can easily adapt by redirecting these goods to other markets. The targeted products have multiple export markets beyond the U.S.," said Tsukarev during a Thursday briefing.The United States officially notified Kazakhstan on July 7 of new 25% import duties taking effect August 1, 2025, targeting Kazakh exports.Kazakhstan's Trade Ministry confirmed the measures exempt approximately 95% of exports to the U.S., including strategic commodities like crude oil, uranium, silver, ferroalloys, tantalum, and titanium. Targeted products include phosphorus ($15.9 million in 2024 exports), ferrosilicon ($12.7 million), optical lenses ($4.1 million), wheat gluten ($4 million), and ammonium nitrate ($2.4 million).The government has submitted trade improvement proposals to the White House and anticipates negotiations regarding the remaining affected exports. President Kassym-Jomart Tokayev expressed confidence in reaching a compromise in his correspondence with U.S. President Donald Trump, reaffirming Kazakhstan's commitment to fair and predictable trade relations.Bilateral trade between Kazakhstan and the United States totaled $4.2 billion in 2024, a 4% increase year-on-year, according to Kazakhstan's Trade Ministry.Crude oil accounted for 56.2% of Kazakh exports to the U.S., followed by uranium (16.4%), silver (12.2%), and ferroalloys (9.5%). Tantalum and related products made up 0.9% of exports. (ICE ALMATY)

Fonte notizia: INTERFAX