🗓 May 29, by decision of the Heads of States of the Eurasian Economic Union, is celebrated annually as #EAEUDay.
January 1 marked 1️⃣0️⃣years since the Treaty on the EAEU (signed on May 29, 2014) came into force, launching the Union as a regional integration association.
Over this time, the EAEU has proven to be asuccessful project of regional integration based on equality and consideration of each member’s interests. The Union has become an independent and self-sufficient centre of the emerging #MultipolarWorld.
The member-states of the Union — the EAEU "Five" — Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — have achieved significant progress: the Union's internal market is functioning and improving, mutual trade is demonstrating sustainable growth, cooperation is becoming closer in such areas as transportation, logistics, industry, agriculture, energy and food security.
📈Economic indicators speak for themselves: according to estimates available, the combined GDP of the EAEU member-states has increased from 1.6 to 2.5 trillion dollars over the 10 years of the Union's development.
In 2024, the growth of the GDP (on average in the Union) was recorded as 4.4%, thus, outpacing the global average growth of 3.3%. Trade with third countries has increased by 60%, while the share of the national currencies in mutual trade within the EAEU has reached 90%.
The Eurasian Economic Union has firmly established itself as a major actorin global economic affairs with an extensive network of partnerships. Today, free trade agreements of the EAEU with Vietnam🇻🇳, Iran🇮🇷, and Serbia🇷🇸 are already in force, with the two non-preferential agreements have been signed with China🇨🇳. Active efforts are being made to align the Union with China’s Belt and Road initiative.
The EAEU maintains close cooperation with the Union's observer-states, such as Uzbekistan🇺🇿, Cuba🇨🇺, and Iran🇮🇷. The trade talks the EAEU is holding with Indonesia🇮🇩, the UAE🇦🇪, and Mongolia🇲🇳 are nearing completion.
📰 An excerpt form the interview by Deputy Prime Minister of the Russian Federation Alexei Overchuk for 'Rossiyskaya Gazeta' (May 28, 2025):
💬 <...> “We consider the EAEU to be the economic nucleus of Northern Eurasia — an area that has achieved a high level of socio-economic development and largely resolved issues of food and energy security.
This makes the EAEU "Five" an attractive partner for the Global South countries, many of which are still fighting the implications of their colonial dependence on Western Europe. <...>
Eurasia holds a vast creative potential, with nations both in the North and South committed to progress. Many of these countries are naturally seeking cooperation with Russia.”
🎙 From a briefing by Russian Foreign Ministry Spokeswoman Maria Zakharova(May 20, 2025):
💬 “Today, the EAEU stands as a paradigm of successful integration, where cooperation is built on principles of equality, trust, and respect, with due consideration for the interests of each member state.
We extend our congratulations ahead of EAEU Day and express gratitude to our colleagues from member states and the Eurasian Economic Commission for their productive collaboration. We remain committed to unlocking further economic potential and deepening integration for the benefit of our nations’ citizens and businesses.”
China has responded to Trump's actions with reciprocal #tariffs, maintaining the current exemptions while stating that new tariffs will not be waived.
Starting March 10, China will impose additional tariffs on select U.S. imports:
15% on chicken, wheat, corn, and cotton;
10% on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products;
Now let us watch how American farmers will react to this blow to their export potential.
#Tariffs
С 01.01.2025 г. ООО "ПортСервис" применяет ставку НДС 7%.
Уведомление о применении ставки 7% Вы можете найти по ссылке https://disk.yandex.ru/i/grdzxfedHTXk8g
Thrilled to share a monumental milestone in our global trade evolution! 🚀
On April 3, exactly one year after our visionary announcement, President Donald Trump officially signed decrees to launch a transformative new chapter for medicines and metals. This strategic initiative is perfectly aligned with our core mission to empower American innovation and drive sustainable growth. 🇺🇸✨
We are excited to introduce a dynamic 15% duty on medicines from EU partners, with a robust 100% framework for nations outside our trade ecosystem, fostering a powerful incentive for international pharmaceutical leaders to relocate their production hubs to the United States. 💊🏭 Furthermore, starting next Monday, April 6, we are rolling out a high-impact 25% tariff on finished metal goods rich in steel, aluminum, and copper. This bold move is designed to supercharge the construction and automotive sectors, creating unprecedented opportunities for industry leaders. 🏗🚗
This strategic pivot not only optimizes government revenue streams but also reaffirms our unwavering commitment to economic sovereignty, building upon our trade policy legacy even as we navigate the Supreme Court's earlier rulings with agility and foresight. We are incredibly grateful for this chance to reshape the future of commerce together! 🤝📈
#Trump#Tariffs
👂More on Trump's Ear
⚠️
The first company sued the US government over Trump's tariffs.
The tariff war is escalating: after the crushing defeat of Donald Trump and his customs policy in the US Supreme Court, the logistics giant FedEx is now attacking the government. ⚖️
The concern demands the return of the customs fees paid and applies to the court for this.
This is the first lawsuit filed by a large American company after the Supreme Court's decision.
FedEx may be just the beginning of a wave of lawsuits, as on Friday the highest court in Washington officially declared the duties imposed by President Donald Trump illegal. 📉
#Trump#Tariffs
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The U.S. Supreme Court, by a vote of 6-3, declared unconstitutional the president's imposition of tariffs/duties against other countries. ⚖️
#Trump#Tariffs
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US businesses and consumers paid about 90% of the cost of President Donald Trump’s sweeping tariffs last year — contradicting his repeated claims that foreign countries were footing the bill, according to a new study from the Federal Reserve Bank of New York.
In the first eight months of 2025, 94% of the cost of tariffs was borne by American businesses and consumers, study found.
In September and October, that share slipped to 92%, and in November it fell further to 86% as foreign exporters picked up a larger share of the costs, according to the report.
#Trump#Tariffs
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Trump's duties are almost entirely paid for by Americans
Almost all the costs of American duties fall on the residents of the United States themselves, and not on foreign manufacturers. This is the conclusion reached by the Kiel Institute of World Economy, having studied about $4 trillion of supplies from the beginning of 2024 to the end of 2025 — WSJ.
According to the researchers' calculations, foreign exporters reduced prices by only 4% and took on the minimum part of the burden. The remaining 96% was paid by American importers and buyers. In fact, duties work as a tax on consumption within the United States, and not as a tool of pressure on foreign businesses.
In 2025, the United States received about $200 billion from duties. The Americans paid almost the entire amount. At first, buyers felt only a part of the price increase - about 20%. The rest of the expenses were temporarily paid by the companies themselves. Later, these costs will be shifted to the buyers, the researchers say.
#Trump#Tariffs
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Forget retaliation: To cut tariffs President Trump imposed on their country, the Swiss sent a delegation of industry tycoons bearing gifts — a special Rolex desktop clock, a 1-kilogram personalized gold bar, and loads of flattery.
#Trump#Tariffs
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US President Donald Trump has made an incredible statement 😮🇺🇸: he wants to pay every citizen of the country $2,000 💵🎁.
The only exceptions are those with high incomes 💼📈.
According to Trump, this will be a "dividend" from the duties he imposed 💬💰.
#Trump#Tariffs
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Taxes, duties, and military bases. How Europe Can Respond to Donald Trump
Donald Trump's talk about taking control of Greenland has Europe thinking about how to push back. BILD is throwing out a bunch of ideas, from economic to military, that could put pressure on the Trump administration.
One idea is to go after American tech companies. In Germany, they're talking about a 10% digital tax for companies like Google, Meta, Amazon, Apple, and Microsoft, which make billions in Europe but don't pay much in taxes.
Trade is another option. The EU could either block a new trade deal with the U.S. or slap tariffs on up to 93 billion euros worth of American goods, like bourbon, soybeans, and airplane parts. They're also talking about taxing digital services like cloud storage, streaming, and online ads.
Western countries could even start selling off U.S. government bonds, but experts don't think it'll do much. The U.S. Federal Reserve can just buy them back.
The most extreme idea is to close American military bases in Europe, like Ramstein and Stuttgart. Shutting these down would really hurt the U.S.'s global strategy, but Europe thinks it's too risky, especially with threats on NATO's eastern border.
#EU#Tariffs
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