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The trade tensions between the U.S. and China have intensified, with both countries imposing significant tariffs that impact the global market. China’s ministry criticized the U.S. for using tariffs to suppress its economy, following China’s decision to impose a 34% tariff on all U.S. goods and export restrictions on rare earth elements. This escalated the total U.S. tariffs on Chinese imports to 54% this year. Experts warn of rising consumer prices, supply chain disruptions, and market volatility, urging both nations to consider diplomatic solutions to avoid further economic consequences and maintain cooperative trade relations.
Millions of Iranian families are preparing for Yalda Night, the ancient Winter Solstice festival, despite budget constraints impacting local sales. Celebrated on the longest night of the year, Yalda Night features traditional foods, fruits, poetry, and games, symbolizing the triumph of light over darkness. Although food prices remain stable, purchasing power has dropped by about 50%, forcing retailers to reduce prices. The hardline Shiite government disapproves of such pre-Islamic celebrations, but public backlash against recent rebranding efforts has led to a renewed enthusiasm for Yalda, highlighting the resilience of Iranian cultural identity amid economic challenges.
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The 19th International Iran Plast Exhibition is set for 2025 in Tehran, attracting 823 pre-registered companies across various sectors, including raw materials, machinery, and manufactured products. This major event in the rubber and plastics industry will provide a platform for businesses to connect, showcase innovations, and explore investment opportunities. Participants can discover industry trends, address market gaps, and engage in knowledge exchange. The exhibition aims to enhance the visibility of Iran’s plastic sector globally while fostering domestic market growth. With both local and international interest, it promises to be a key event for industry stakeholders.