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.
Trump Tariffs Wipe Out $2.5 Trillion from US Stock Market
TEHRAN (Tasnim) - US companies had trillions of dollars in value wiped out on Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.
Recession Unlikely despite Tariff Worries: IMF Chief
TEHRAN (Tasnim) - US President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence, but is not likely to trigger a near-term recession, International Monetary Fund (IMF) managing director Kristalina Georgieva said on March 31.
Iran, Turkmenistan Plan Pilot Project on Passenger Train Link
TEHRAN (Tasnim) – Iranian Minister of Roads and Urban Development Farzaneh Sadeq unveiled plans for a tentative project to run passenger trains between Iran and Turkmenistan, saying the route may extend as far as Uzbekistan.
IMF Board of Directors Approves $400 mln Tranche to Ukraine
TEHRAN (Tasnim) - Executive Board of the International Monetary Fund (IMF) has completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, which provides Ukraine with another tranche worth $400 mln, the IMF press service said in a statement.
Trump Imposes 25% Tariffs on Foreign-Built Vehicles, Sparking Global Backlash
TEHRAN (Tasnim) - US President Donald Trump has announced sweeping 25% tariffs on foreign-made cars and auto parts, triggering global criticism and market volatility ahead of further trade measures expected next week.
Tesla Sales Drop 49% in Europe Amid Growing EV Market
TEHRAN (Tasnim) - Tesla's electric vehicle sales in Europe fell 49% in the first two months of 2025 compared to a year earlier, even as overall sales of battery-electric cars in the region increased, according to the European Automobile Manufacturers' Association.
Leader Urges ‘Investments for Production’ in New Year
TEHRAN (Tasnim) – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei chose "Investments for Production” as the slogan for the Persian year 1404.
EU Weighs Flexible Gas Storage Targets amid Price Concerns
TEHRAN (Tasnim) – European Union countries are considering easing the bloc’s binding gas storage targets over concerns that the current rules could drive up prices, according to a draft negotiating document seen by Reuters.
Trump’s Tariff Stance Rattles Markets, Sparks Global Selloff
TEHRAN (Tasnim) – Asian stocks declined sharply on Tuesday as fears of a broadening trade war’s impact on US economic growth fueled a market selloff, driving investors toward the safe-haven Japanese yen.
IRGC Base Undertakes Project at South Pars Gas Field
TEHRAN (Tasnim) – The Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps, undertook a project to boost pressure at the South Pars gas field in the Persian Gulf.
Turkey Imports Turkmen Gas via Iran Under Barter Deal
TEHRAN (Tasnim) – Turkey has started importing Turkmen natural gas through Iran as part of a barter arrangement, Turkish Energy Minister Alparslan Bayraktar said.
Mexico Seeks New Crude Buyers in Asia, Europe after US Tariffs
TEHRAN (Tasnim) – Mexican state oil company Pemex is exploring alternative markets for its crude, engaging in talks with potential buyers in Asia and Europe after US President Donald Trump imposed tariffs on imports, a senior Mexican government official said.
Saudi Aramco Sees 12% Drop in Profit to $106 Billion amid Lower Energy Prices
TEHRAN (Tasnim) – Saudi Aramco reported a net profit of $106.25 billion in 2024, a 12% decline from the previous year, as lower energy prices weighed on earnings.
Citigroup Nearly Credits $6 Billion to Customer in Wealth Division Error
TEHRAN (Tasnim) – Citigroup (C.N) narrowly avoided mistakenly crediting about $6 billion to a customer's wealth-management account due to a clerical error, Bloomberg News reported on Monday, citing sources familiar with the matter.
Iran’s Economy Minister Dismissed after Losing Parliamentary Vote of Confidence
TEHRAN (Tasnim) – Iranian lawmakers on Sunday gave a vote of no confidence to the minister of Economic Affairs and Finance, terminating the term of Abdolnaser Hemmati 193 days after he took office.
Trump Names Cryptocurrencies in Strategic Reserve, Boosting Market Prices
TEHRAN (Tasnim) – US President Donald Trump announced on social media the inclusion of five digital assets in a planned US strategic reserve of cryptocurrencies on Sunday, driving their market values higher.
Iran Can Nullify Sanctions: President
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian described national unity, closer cooperation with neighbors, and exploitation of international agreements as the elements that would help Iran rise to the economic challenges and neutralize the sanctions.
