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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Iran’s Assembly of Experts has backed withdrawing from the Nuclear Non-Proliferation Treaty (NPT) and overhauling the country’s defence doctrine, calling both steps essential to national security and deterrence.
The U.S. Federal Aviation Administration lifted a nationwide ground stop on Friday (13 November) after a communications failure at air traffic control centres caused chaos at airports and triggered the longest nationwide shutdown since the 9/11 attacks in 2001.
More than 30 people have been taken to hospital after a cargo ship collided with a passenger cruise docked on the Mississippi River in New Orleans on Friday (13 November).
Europe will send a team of diplomats to Ukraine peace talks rather than a single envoy, EU leaders agreed on Friday at the end of a summit in Dublin.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
U.S. air travel is not expected to return to normal schedules until late on Sunday (15 November), the head of the FAA said, as the aviation system gradually recovers from a nationwide flight shutdown that officials blamed on routine maintenance gone awry.
Irish army bomb disposal experts safely neutralised an explosive device discovered in central Dublin on Friday (13 November), close to where European leaders gathered for dinner the previous evening during a two-day summit. Police have launched an investigation into the incident.
Pope Leo visited a remote town in Peru's western Andes on Saturday (14 November), returning to a community he once served as bishop during a deeply personal stop on his 12-day South America tour.
Hungarian authorities have recovered nearly $20 million in cash hidden in buildings and buried in forests as part of a bribery investigation into Miklós Seszták, a former minister under ex-Prime Minister Viktor Orbán.
U.S. President Donald Trump, Russian President Vladimir Putin and Chinese President Xi Jinping are set to hold a historic trilateral meeting in Shenzhen on 19 November. The White House says the talks will focus on nuclear arms reductions, with Iran also on the agenda.
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