Astana: Kazakhstan announced on Thursday that a 'significant part' of its exports to the United States will not be impacted by the recent tariffs imposed by the Trump administration.

According to Anadolu Agency, US President Donald Trump recently declared a minimum of 10% tariffs on imports from all countries, effective from April 5, with higher tariffs of 20% on goods from the European Union. Trump described this decision as a "declaration of economic independence," aiming to usher the US into a "golden age."

Kazakhstan's Trade Ministry issued a statement explaining that, following a preliminary analysis of the US trade measures, a significant portion of Kazakhstan's exports to the US fall under the list of exceptions as per US regulations. The main items that Kazakhstan exports to the US include crude oil, uranium, silver, and ferroalloys, among others.

The ministry highlighted that these categories, which constitute 92% of Kazakhstan's exports to the US, are exempt from the additional tariffs under the executive order by the US President. Nonetheless, additional duties will be applied to certain goods such as phosphorus, ammonium nitrate, wheat gluten, and ferrosilicon.

Furthermore, the statement revealed that Kazakhstan's exports of these goods in 2024 amounted to $95.2 million, and the newly introduced tariffs will only affect 4.8% of Kazakhstan's total exports to the US.

The government of Kazakhstan is planning to initiate consultations with US representatives to explore the possibility of excluding Kazakhstan from the additional duties. As a member of the World Trade Organization for about a decade, Kazakhstan emphasized its commitment to adhering to WTO principles in its foreign trade policy.

Kazakhstan also assured that it maintains equal and non-discriminatory trade conditions in line with international obligations within the framework of its bilateral cooperation with the US.