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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Armenian Prime Minister Nikol Pashinyan defends the U.S.-brokered peace accord, calling it “not a zero-sum game” and a step toward regional cooperation benefiting all, including Russia and Iran.
In a Fox News interview, President Ilham Aliyev said Azerbaijan’s transit deal with Armenia is “not against anyone” and marks the “final step toward peace,” while also addressing the 2024 downing of AZAL Flight 8243, demanding accountability and full compensation.
U.S. President Donald Trump and his Russian counterpart Vladimir Putin are set to meet in Alaska, United States on 15th of August in a historical summit.
Ukraine’s allies say U.S. President Donald Trump has indicated a willingness to support security guarantees for Kyiv in a Germany-hosted virtual meeting on Wednesday, a potentially significant, though still vague, commitment one day before a high-stakes U.S.-Russia summit on ending the war.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
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At least 34 people have been confirmed dead and more than 200 remain missing after sudden, heavy rainfall triggered flooding in Indian-administered Kashmir, officials said on Thursday — the second such disaster to hit the Himalayan region in just over a week.
Air Canada announced on Thursday that it expects to cancel several dozen flights by the end of the day and about 500 flights by Friday due to a planned strike by its unionised flight attendants on Saturday.
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