Minister of Trade Ömer Bolat stated that they consider the US customs tariffs as the lesser of two evils for Turkey. In a written statement regarding the additional customs tariffs decision of the US, Minister Ömer Bolat emphasized that the minimum additional customs tariff rate to be applied to all countries by the US has […]
JPMorgan indicated in a research note titled “Blood Will Spill” that Trump’s new tariff decision has increased the risk of a global economic recession by 20 points. Since April 2, the so-called “Freedom Day” when U.S. President Donald Trump announced new customs duties for many countries, the risk of recession in the global U.S. and […]
Following sales from the peak, gold prices declined to $3,100. Experts issued a warning that gold may drop to $3,000 per ounce. Meanwhile, the price of a gram of gold dipped below 3,800 Turkish Liras. The recent decrease in gold prices came after the United States set new customs tariffs, breaking records. President Donald Trump’s […]
The relentless American consumer has consistently surprised economic pessimists in recent times. Real personal consumption expenditure has stayed robust and consistent throughout much of the post-pandemic expansion phase. Initially, consumption was driven by surplus savings from significant fiscal transfers and strong wage growth due to a tight labor market. However, in more recent times, low- […]
President Trump’s recently announced “Liberation Day” tariffs are causing significant disruptions in global markets and diplomatic relations, domestically and internationally. These tariffs are aimed at various imports such as aluminum, steel, cars, and fentanyl, likely leading to legal challenges and diplomatic tensions. The critical question at hand is whether the implementation of these tariffs on […]
The Minister of Treasury and Finance, Mehmet Şimşek, reported that the economic cooperation meeting between Turkey and the European Union (EU) took place in a very constructive atmosphere. Sharing his thoughts on the meeting held in Brussels, Mehmet Şimşek expressed a consensus on enhancing economic relations and increasing collaboration in all areas with the EU. […]
Minister of Trade Ömer Bolat announced negotiations for the 10% customs duty imposed on Turkey. Bolat expressed that the additional duty could provide a competitive advantage to Turkey. US President Donald Trump revealed additional tariffs. Turkey falls into the lowest tax bracket at 10%. Minister of Trade Ömer Bolat made assessments regarding Trump’s additional tariffs […]
The New York Stock Exchange started the day with a sharp drop due to the tension caused by the United States increasing tariffs. At the opening, the Dow Jones index lost over 1100 points, decreasing by 2.66% to 41,103.63 points. The S&P 500 index fell by 3.32% to 5,482.70 points, while the Nasdaq index dropped […]
Gazprom claimed that Europe will face difficulties in filling underground storage facilities next summer. The Russian energy company Gazprom alleged that Europe is experiencing a decrease in reliable natural gas suppliers and will have difficulties filling underground storage facilities next summer. The statement from Gazprom included assessments of developments in the European natural gas sector. […]
Turkey is placed in the lowest group among the additional import taxes applied by the United States. A 10 percent additional tax will be imposed on Turkey. Mustafa Gültepe, President of the Turkish Exporters Assembly, stated that the development will create an advantage. The U.S. has implemented additional customs duties on 185 countries, including Turkey. […]
