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.
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Turkish President Recep Tayyip Erdoğan and Russian President Vladimir Putin met for a closed-door discussion on the sidelines of the International Fo...
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The Ashgabat forum in Turkmenistan brought together Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan, and Iranian President M...
The European Union has announced plans to indefinitely freeze Russian assets held within the bloc, in a move aimed at ensuring up to $246 billion in Russian funds remain in EU jurisdictions, officials said on Friday.
Sudan is facing a record-breaking internal displacement crisis as fighting between the national army and the paramilitary Rapid Support Forces (RSF) continues, the International Organization for Migration (IOM) reported on Friday.
A bulk carrier owned by a Turkish company was struck during a Russian attack on Ukraine’s southern coast on Friday.
Are Europe’s defence structures prepared to meet evolving threats from Russia? Recent remarks by NATO and intelligence officials have highlighted gaps that could shape European security over the next five years.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
The European Union has announced plans to indefinitely freeze Russian assets held within the bloc, in a move aimed at ensuring up to $246 billion in Russian funds remain in EU jurisdictions, officials said on Friday.
Sudan is facing a record-breaking internal displacement crisis as fighting between the national army and the paramilitary Rapid Support Forces (RSF) continues, the International Organization for Migration (IOM) reported on Friday.
Are Europe’s defence structures prepared to meet evolving threats from Russia? Recent remarks by NATO and intelligence officials have highlighted gaps that could shape European security over the next five years.
The Ashgabat forum in Turkmenistan brought together Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan, and Iranian President Masoud Pezeshkian, raising questions about whether Russia remains connected to regional partners despite Western sanctions.
A bulk carrier owned by a Turkish company was struck during a Russian attack on Ukraine’s southern coast on Friday.
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