The Trade Shock in the Markets: 5 Questions Answered

President Donald Trump’s protectionist trade policies have shaken global markets. Stocks, cryptocurrencies, oil, natural gas, and many other financial products experienced sharp declines. Here are answers to questions about the tariff uncertainty that is causing turmoil in the markets…The increased risk perception following President Trump’s announcement of reciprocal tariffs parallel to his protectionist trade policy […]

The Central Bank’s Reserves Declined

In the week ending March 28, the Central Bank reserves decreased by 6 billion 603 million dollars. The Central Bank of the Republic of Turkey (CBRT) released its weekly money and banking statistics, revealing that as of March 28, the Central Bank’s gross foreign exchange reserves dropped to 80 billion 609 million dollars, a decrease […]

Homeowners Beware! You Can Face Penalties

The deadline for submitting declarations for those earning rental income ends today. It is crucial to pay attention to the limits of 33,000 lira for residential properties and 230,000 lira for commercial properties. Income taxpayers are still in the process of submitting and paying their declarations for the year 2024. Due to requests received during […]

Trump Calls for Interest Rate Cut

President Trump once again called for an interest rate cut, pointing out that the Federal Reserve has been slow in its actions. He emphasized that the U.S. gains billions of dollars weekly from customs duties and criticized China for increasing already high tariffs. In response to market declines, Trump mentioned the necessity of taking action […]

Are Trump’s customs tariffs an opportunity for Turkey? Business world evaluated

President Donald Trump’s actions have rocked the markets. The sharpest declines since the Covid pandemic have been experienced. Rising tariff walls pose a threat to countries. The Turkish business world assessed these developments. Global markets witnessed the biggest crash in years. The fuse in the markets was lit by Donald Trump increasing import tariffs worldwide. […]

No Humans, Just Taxes: US Imposes Tariffs Even on Desolate Islands

US Secretary of Commerce Lutnick advocated for including desolate islands on the tariff list. Lutnick alleged that China and other countries exploit legal loopholes through such islands. As US President Donald Trump’s customs tariff policies continue to shake the world, US Secretary of Commerce Howard Lutnick argued that including islands with no human population on […]

The End of Fishing Season Approaching

With only a few days left until the end of the fishing season that began on September 1st, fishermen from the Black Sea are wrapping up a season filled with abundant catches. The season, which started with bonito, saw a variety of fish caught, diversifying dining tables. While agreeing that the season was not as […]

Minister Şimşek: Recent Turmoils Will Not Have Lasting Effects

Minister of Treasury and Finance Mehmet Şimşek stated that he does not believe the recent turmoils will have a lasting impact. He emphasized that inflation has clearly decreased. Regarding developments in foreign trade, Şimşek mentioned, “We will be relatively less affected, as the domestic market is determinant for us.” Minister Şimşek is speaking at the […]

Cryptocurrency Bloodbath Continues: Bitcoin Plunges Below $75,000

Cryptocurrencies suffered a sharp drop amid concerns over trade wars. Bitcoin fell to below $75,000 with a nearly 10% decrease in the last 24 hours. Meanwhile, Ethereum dropped to around $1,420. The uncertainty surrounding the ongoing customs tariff package by U.S. President Donald Trump led Bitcoin to drop below $75,000. According to data from the […]

Oil Prices Hit 4-Year Low

Concerns over escalating trade wars caused oil prices to drop sharply. Brent crude oil fell to as low as $63, marking the lowest level in 4 years. Oil prices plummeted on the first trading day of the week following U.S. President Donald Trump’s strong rhetoric on trade tariffs and the announcement by the OPEC+ group […]