Recep Tayyip Erdogan says Türkiye is well-positioned to withstand US tariffs and emerge stronger economically, thanks to a disciplined economic program and low exposure.
President Recep Tayyip Erdogan stated on Wednesday that Türkiye is not expecting any serious negative effects on its trade, production, or exports following the implementation of US President Donald Trump’s new tariffs.
Speaking to lawmakers from the ruling AK Party, Erdogan highlighted that Türkiye is among the countries that received the lowest reciprocal tariff rate of 10 percent. He added that Türkiye may actually benefit from the global tariff changes, as other countries face much higher rates.
“There is serious uncertainty in the world, but there is a strong economic program that illuminates Türkiye’s path,” Erdogan said. He emphasized that Türkiye's economy is resilient to external shocks and is expected to grow more strongly than many peer countries in the medium to long term.
Erdogan also noted that the country’s disinflation process is continuing, and the government's spending discipline and savings measures will carry on this year.
Although Türkiye’s iron, steel, and aluminum exports were affected by earlier US tariffs, it could now gain an advantage as other global traders deal with stricter levies.
A newly elected German mayor survived multiple stab wounds in a shocking family attack....
From Sunday, all non-EU citizens, including British visitors, will face new biometric checks when entering and exiting the EU under its long-delayed E...
Cristiano Ronaldo has become football’s first billionaire player, according to Bloomberg, which tracks the world’s richest individuals....
Germany has ended its fast-track citizenship programme, reflecting a shift in public attitudes toward migration and integration....
Israel and Hamas have agreed to the first phase of the U.S.-proposed Gaza deal, which will see the release of all Israeli hostages, U.S. President Don...
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Iran's Foreign Minister Abbas Araghchi rejected as “incorrect” the report by a Kuwaiti newspaper on recent contacts between Tehran and Washington and also condemned President Trump's threats of renewed attacks if Iran resumed nuclear enrichment.
The 7th Moscow Format Consultations on Afghanistan has concluded in Russia with participants issuing a joint statement heavily hinting at a joint opposition to any foreign military infrastructure in Afghanistan.
Former FBI Director James Comey pleaded not guilty on Wednesday to criminal charges, and his lawyer said he would file a barrage of legal challenges to the first prosecution by the Justice Department against one of President Donald Trump's political enemies.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Russia’s central bank has ruled the state violated minority shareholders’ rights in seized assets, signaling rare pushback against nationalisation.
A newly elected German mayor survived multiple stab wounds in a shocking family attack.
Cristiano Ronaldo has become football’s first billionaire player, according to Bloomberg, which tracks the world’s richest individuals.
Germany has ended its fast-track citizenship programme, reflecting a shift in public attitudes toward migration and integration.
Israel and Hamas have agreed to the first phase of the U.S.-proposed Gaza deal, which will see the release of all Israeli hostages, U.S. President Donald Trump announced on Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment