Eurasia has granted tariff exemptions to 10 Iranian export items within the framework of preferential trade since April 1, according to a local official at Industry, Mine, and Trade Organization of Gilan Province.
Iran’s industry minister says tariffs on export of raw metals are meant to help domestic producers.
President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth.
India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi.
The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants.
The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to U.S. demands, Vice President Mike Pence said on Saturday.
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday.
President Donald Trump has told aides to proceed with yet more tariffs on Chinese imports, according to reports in the United States.
Iran will introduce new tariffs in its Caspian Sea ports in north of the country in order to help boost exports and transit of goods, said the deputy head of Ports and Maritime Organization of Iran (PMO) on Tuesday.
The EU has officially imposed tariffs on US jeans, motorbikes, bourbon and other items in response to a similar move from the US. The measures have some experts worried the world could be heading toward a trade war.
