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trade war

News about trade war: events, facts and developments on tafs uz.

4 stories

Economy

Bank of Canada raises rates for the first time since 2023 amid oil price spike driven by war with Iran

The Bank of Canada raised its key rate by 0.25 percentage points to 2.5%, seeking to prevent the rise in energy prices caused by the Iranian conflict from spilling over into overall inflation. This is the first hike since July 2023: the country's economy is simultaneously contracting due to the US trade war, and the decision on further steps is complicated by uncertainty both in trade and in the Middle East.

Otabek Yusupov
2 min read
Economy

China offset the fall in exports to the US with increased shipments to ASEAN and the EU

According to customs statistics, in 2025 China's exports to the US fell by 19.5% to about 3.01 trillion yuan ($420 billion), while total exports grew by 6.1% to about $3.77 trillion. The growth was driven by shipments to ASEAN (+14%, about $665 billion) and the EU (+9%, about $560 billion). In 2026, growth continued thanks to machinery, electronics, electric vehicles and batteries. According to customs statistics, in 2025 China's exports to the US fell by 19.5% to about 3.01 trillion yuan ($420 billion), while total exports grew by 6.1% to about $3.77 trillion. The growth was driven by shipments to ASEAN (+14%, about $665 billion) and the EU (+9%, about $560 billion). In 2026, growth continued thanks to machinery, electronics, electric vehicles, and batteries.

Aziz Karimov
4 min read