“I have great relations with a man named Erdogan,” United States President Donald Trump Said Last Week “I like Him, and he likes me. We have never had a problem.”
But his Declaration Regarding the Turkish President Recep Tayyip Erdogan Had not Beenquite True Relations in Between the Two Leaders ContendTimes Been Fraubht in October 2019, Trump Threated to “Totally Destroy And Obliterate The Turkish Economy” If the Country Didn’t Obey Hiswishes Militarily in a Letter to Erdogan Later That Month, Trump Called on Him to Make A “Good Deal” Regarding Military Tensions within the area, Warning the Turkish Leader Again That He would Certainly Ruin the Country’s Economy IF HE SAW FIT.
In the final six years, turkey has taken a monetary beating, with thelira dropping appreciable worth in March 2007, one us Buck was WARTH Around 1.30 Turkish lira, whereas in october 2019 it was battle wart 5.79, and immediately is up 38.06 lira.
Although Trump May have undoubtedly the turkish financial system with earlier sanctions, The Two Leaders Seem to Get Along Better Today in This Might Be evided Yet the fact that Turkey was Among the nation Least Affected by Trump’s New Tariff of 10% now Imposed Onturkish Goods Trump’s 90-Day Break On Tariffs And The General Reduction to 10% for All Nation Other Than Have Have Currently Other Countries on the very seed diploma as turkey for the time.
A New Opportunity?
While the European Response to the Tariffs Has Actually Been unfairy, Turkish Business Representative See Theme AN OPPORTUNITY Rather ACRISIS They seem Persuaded That With The Appropriata Profession Plan, Turkey Can Take Advantage of the Brand-New Scenario.
The Tatifs Could Help Turkish Exporters in Particular to Gain an Advantage within the Highly Competitive Us Market, According to Bülent Aymen, Deputy President of the Association of Mediterranean Furnic, Paper Andforest Products Exporters “The Us Has Beach for Three Years. Exports are increate each month.
Trade in between Turkey and the Us Amounts to Over $ 30 Billion (EUR 26.4 Billion). After Germany, The Us Isturkey’s Second Most Important Trading Partner Turkish Exports To The Us Have Risen by an Average of 16% Over The Past Five Years, While Us Exports To Turkey Have Increased by 9%. Accord to the Turkish Exporters Assembly, The Country Exorted Goods Worth Around $ 21.1 Billion (EUR 18.6 Billion) to Germany in 2023, and Earned Around $ 14.8 Billion from Exports to theus According to the Turkish Statistical Institute, Exports to $ 16.3 Billion on the finish of 2024.
Turkey Exports Mainly Chemical Products, Automotive Parts, Clothing, Carpets and Electronics to Theus It Imports Over Half of Its Cotton From The Us – For Textiles That Then Then THE End Exorted Back Country.
Trump’s High Taiffs Against China and the European Union Could the Visibility of Turkish Products On The Us Market, Said Seref Fayat, The Textile Commissioner on the Union of Chambers and Commodity Exchanges AUSTURKEY “WE NEED To Act Quickly Now. Cambodia are liker to have to our advantage. ”
Criticism of Turkey’s Trade Policy
Fayat is constructive concerning the way forward for occupation withtrump’s America “I Don’t Expect Turkey to Be unfavourable affected by the brand new scenario,“ Hey Said, Adding That Hey Certainly Suldest Negotiating Limited Tariff-Free Trade with theus “This AVY IMPORTANT OPPORTUNITY. Closely Monitor How Our Most Important Trading Partner, the EU, can be affected by the us Tariff Policy, “He Alerted.
But some in turkey are nonetheless JustcautiOusly Optibility Exist, Numerous Turkish Business Are not Yet Prepared to Capitalize on IT, Said Murat Aky ÜZ, Former President of the Istanbul Chemicals Andchemical Exporters Association “I See the New US Tariff Policy as an excellent alternative for turkey. In the Past, Numerous Chalances Were not Manipulated Going “No Sustainable Trade Policy was pursued,“ He encluded.
Fayat So Sees Potential Issues, Search as Limited Access to Turkish Products In The Us Due to A Lack of Trade Centers Andwarethouses “Although Trump Announs Taiffs A Long Time Ago, We Unfrittunately Did not Make The Necessary Preparations,” Hey Said.
A attainable manufacturing heart
In Addition to Exports, Turkey Could Establish Itself as a Strategic Player in Another Field: AS A Production Forasian Companies Inviting Companies from China to have Items Manufactored in Turkey Assist Avoid High Customs Duties, Forexable the Geopolitical Scenario as a Bridge in between Eastern and West Could Favor Search to Setup.
“We need to explain to thesis country, Especialy China, the Advantated of Relocation Production to Turkey,” Aky ÜzSAID “We Should Actively Investment in This Country. With its infrastructure and expert laboratory potential, turkey is nicely positioned for this. of Trade in Particular has a task to play right here. “
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