Turkish Parliament speaker: Trump wants to overturn global trade mechanisms
Ankara - Saba:
Turkish Parliament Speaker Numan Kurtulmuş said that US President Donald Trump wants to "change the mechanisms" of global trade, which will lead to an imbalance and spark conflict.
Sabah newspaper quoted Kurtulmuş as saying, "In essence, Trump wants not only to raise tariffs but also to upend existing mechanisms for global trade. Interfering in such extensive global trade mechanisms will undoubtedly create new imbalances and conflicts in global trade. Relatively low tariffs may be preferable for Turkey compared to other countries, but I don't see this as a significant or unique opportunity for Turkey."
Earlier, Milliyet newspaper reported, citing sources, that Turkish President Recep Tayyip Erdoğan intends to discuss imposing new tariffs on Turkey with the United States in May. According to the newspaper, there is a possibility of their gradual implementation.
On Saturday, Türkiye newspaper reported, citing some experts, that Chinese producers may redirect some of their supplies to the Turkish market after the United States imposed record tariffs. In the short term, this is likely to lead to lower prices in Turkey, but Turkish producers may suffer later.
Last Wednesday, the US President signed a decree imposing "reciprocal" tariffs on imports from other countries, with a base minimum tariff of 10%, while most countries will face higher rates.
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