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Filtering by entity: President of the Republic of Kazakhstan | Clear Filter
Summary:Two telephone calls were held with Kassym-Jomart Tokayev, President of Kazakhstan, and Shavkat Mirziyoyev, President of Uzbekistan, discussing the importance of peace in ongoing conflicts, increased trade, and cooperation between the nations. The United States will host the G20 Summit next year in Miami and intends to invite both leaders as guests.
Sentiment:Cooperative
Key Claims:
- Two telephone calls were held with the Presidents of Kazakhstan and Uzbekistan.
- Discussions focused on bringing peace to ongoing conflicts and increasing trade and cooperation.
- The relationship with both Kazakhstan and Uzbekistan is spectacular.
- The United States will host the G20 Summit next year.
- Invites will be extended to both Presidents Tokayev and Mirziyoyev to join the G20 Summit as guests in Miami.
Potential Market Impact (S&P 500):1/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:1/10
Summary:The US government, through a letter from the White House dated July 7, 2025, informs Kazakhstan's President that due to persistent, non-reciprocal trade deficits attributed to Kazakhstan's trade barriers, a 25% tariff will be imposed on all Kazakh products entering the United States starting August 1, 2025. The letter states that this deficit poses a major threat to the US economy and national security, while offering an exemption from tariffs if products are manufactured within the United States. It also warns of increased tariffs if Kazakhstan raises its own tariffs.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Kazakhstan, attributed to Kazakhstan's tariffs and non-tariff barriers.
- The trade relationship between the US and Kazakhstan has been non-reciprocal.
- Starting August 1, 2025, the US will implement a 25% tariff on all Kazakh products imported into the United States.
- Goods transshipped to evade higher tariffs will be subject to an equivalent higher tariff.
- The 25% tariff is stated to be insufficient to fully eliminate the existing trade deficit disparity.
- Tariffs will not be applied to products if Kazakhstan or Kazakh companies choose to build or manufacture products within the United States.
- If Kazakhstan raises its tariffs, the US will add that amount to the existing 25% tariff.
- The current unsustainable trade deficits are deemed a major threat to the US economy and national security.
Potential Market Impact (S&P 500):6/10
Potential Geopolitical Risk:3/10
Potential Global Cross-Asset Impact:7/10
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