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Kazakhstan's leader told Trump he hopes to compromise with Trump on the new U.S. Tariffs

In a letter, Kassym Jomart Tokayev, the Kazakh president, told Donald Trump that he is ready to engage in constructive dialogue with regard to trade issues following Trump's reimposition of reciprocal 25% tariffs against Central Asia.

Trump has launched a global trade war, increasing tariffs on many countries in order to continue his "America First' policies.

Commencing August 1, all goods exported by Kazakhstan to the United States are subject to a reciprocal 25% tariff. The new tariffs won't affect the majority of Kazakhstan's oil-rich exports. According to the Kazakh Trade Ministry, its key exports are oil, uranium and silver, ferroalloys tantalum, titanium, ferroalloys and ferroalloys.

Tokayev wrote in a letter addressed to Trump that his country was willing to continue the dialogue with the White House for a rational resolution to trade issues.

In a press release, the presidential service stated that "Tokayev is confident of reaching a trade compromise".

In 2024, the trade turnover between Kazakhstan & U.S. will be $4.2 billion - 4% more than in 2023.

Kazakhstan's primary export to the United States is crude oil. This accounts for 56.2%. Other commodities include uranium, silver, ferroalloys, and tantalum.

(source: Reuters)