The blanket tariff, announced by Trump during a speech on “Liberation Day” Wednesday evening, triggered widespread losses in stock markets worldwide.
The measure imposes a 10% baseline tariff on imports from most countries, with exceptions…
Category: 4. Business
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China Imposes 34% Reciprocal Tariffs on Imports of US Goods
TEHRAN (Tasnim) – China said on Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.
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China to take countermeasures against U.S. ‘reciprocal tariffs’
China firmly opposes the U.S. “reciprocal tariffs” and will resolutely adopt countermeasures to safeguard its rights and interests, a spokesperson for the Ministry of Commerce said on Thursday.
China firmly opposes the U.S. “reciprocal tariffs”…
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Iran exports non-oil goods worth $2.2b to Pakistan in 11 months
TEHRAN – Iran exported non-oil commodities valued at $2.2 billion to Pakistan during the 11-month period from March 20, 2024 to February 18, 2025, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
Foroud Asgari…
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Iran, Turkmenistan agree to launch pilot passenger train service
TEHRAN – Iran and Turkmenistan have reached an agreement to launch a pilot passenger train service and increase rail freight capacity to 400 wagons, Iran’s transport minister said upon returning from Ashgabat.
According to the Transport and…
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Energy Ministry installs 4m smart electricity meters
TEHRAN – Iranian Energy Ministry has installed four million smart electricity meters across the country as part of a broader effort to curb electricity consumption among high-usage residential and commercial consumers ahead of peak summer…
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Iran signs major oil, gas contracts in a year
TEHRAN – Iran’s Oil Ministry subsidiaries recorded a strong performance in the previous Iranian calendar year (ended on March 20) by signing notable medium- and large-scale contracts, marking a significant step toward expanding the…
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Beijing hits back at US with 34% import tariff
The Chinese tariff will be effective from April 10, according to the State Council, China’s cabinet.
The retaliation comes in the wake of the 34 per cent tariffs imposed on Chinese goods by the United States on Wednesday, South China Morning…
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Isfahan Refinery boosts gasoline production by 2m liters
TEHRAN – National Iranian Oil Refining and Distribution Company (NIORDC) has increased gasoline production at the Isfahan refinery by two million liters per day, according to the company’s head.
Speaking during a visit to the refinery on April…
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Iran ready to increase economic ties with Uzbekistan to $5bn
Iran’s Deputy Parliament Speaker Hamidreza Haji Babaei made the remarks in a meeting with Speaker of the Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan Nuriddin Ismailov on Thursday, stating that Iran is ready to increase…
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