
US, Turkiye conclude 3rd round of talks to discuss tariffs, trade ties
A Turkish trade delegation visited the United States recently to discuss bilateral trade ties, particularly global repercussions of reciprocal US trade policies, the former's trade ministry announced.
The delegation, led by deputy trade minister Mustafa Tuzcu, met US deputy trade representative Bryant Trick.
A Turkish trade delegation visited the US recently to discuss trade ties, particularly global repercussions of reciprocal US trade policies, the former's trade ministry announced. Both sides discussed additional steps that can be taken to continue the momentum achieved in the last decade to achieve the $100-billion bilateral trade volume target. They took note of emerging areas of cooperation as well.
Both sides discussed additional steps that can be taken to continue the momentum achieved in the last decade to achieve the $100-billion bilateral trade volume target, the ministry also said.
Bilateral trade volume was around $32 billion in 2024.
Both sides noted emerging areas of cooperation like new technologies, innovation, manufacturing, artificial intelligence, cybersecurity, defense and energy, according to Turkish media reports.
The May 22 visit followed trade minister Omer Bolat's online meeting in April with US secretary of commerce Howard Lutnick and US trade representative Jamieson Greer. This was the third round of talks.
Turkiye faces 10-per cent US reciprocal tariffs.
Fibre2Fashion News Desk (DS)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
24 minutes ago
- Mint
Turkish company Celebi moves Madras HC to challenge cancellation of services contract at Chennai airport
Turkish company Celebi's subsidiary has moved the Madras High Court seeking an interim injunction on the Airports Authority of India's decision to cancel its concession agreement for the Chennai Airport, LiveLaw reported on June 9. The company is seeking Madras HC intervention over AAI's cancellation of the concession agreement, after the Bureau of Civil Aviation Security (BCAS) removed its security clearance, it added. Chennai Airport had cancelled its contract with Celebi Ground Services Chennai on May 26, the report said. Addressing the Madras HC bench of Justice Abdul Quddhose for Celebi, advocate PS Raman told the court that the company made huge investments for equipments and software, adding that the AAI was attempting to appoint a third parties, who would exploit these tools, the LiveLaw report stated. (This is a developing story, more updates coming…)


Fibre2Fashion
40 minutes ago
- Fibre2Fashion
China's exports climb, imports dip in first 5 months of 2025
China's total goods trade reached 17.94 trillion yuan (~$2.5 trillion) during January–May 2025, marking a 2.5 per cent year-on-year increase, according to data released by the General Administration of Customs (GAC) on Monday. The pace of growth edged up by 0.1 percentage points compared to the January–April period. China's total goods trade rose by 2.5 per cent year-on-year to 17.94 trillion yuan (~$2.5 trillion) in the first five months of 2025, with export growth of 7.2 per cent offsetting a 3.8 per cent decline in imports, according to customs data. In May alone, trade increased by 2.7 per cent, as exports increased 6.3 per cent and imports dropped 2.1 per cent. Exports rose by 7.2 per cent to 10.67 trillion yuan, while imports declined by 3.8 per cent to 7.27 trillion yuan over the five-month span, said Chinese media reports quoting the GAC. For May alone, trade expanded by 2.7 per cent year on year, with exports growing by 6.3 per cent and imports contracting by 2.1 per cent. Fibre2Fashion News Desk (KD)


India.com
2 hours ago
- India.com
Turkey supported Pakistan during Operation Sindoor by giving weapons… still India is not ending all trade ties with Erdogan's country due to…
Home Business Turkey supported Pakistan during Operation Sindoor by giving weapons… still India is not ending all trade ties with Erdogan's country due to… Turkey supported Pakistan during Operation Sindoor by giving weapons… still India is not ending all trade ties with Erdogan's country due to… The government approaches a balanced policy towards Turkey rather than a complete ban due to several reasons and for the benefit of India. After Turkey's support to Pakistan, boycott business with the country was trending on social media for many days. Also there were demands for banning imports from Turkey that had grown in India. Even the government has taken strict action against Turkish companies and some of the companies and institutes had cancelled the deals with the country. Apple producers from Himachal Pradesh and marble traders from Rajasthan had also taken stand against the import from the country. But India has not broken all business ties with Turkey. The answer is in the economic considerations of various businesses. While the government has acted against Turkish companies on national security grounds, it is still cautious on the trade. The primary reason behind this is that India has a trade surplus of $2.73 billion with Turkey. It means India's exports to Turkey are more than imports. A ban will not only impact Turkey but also affect Indian exporters in sectors like engineering, electronics, and chemicals. According to a report by The Indian Express, a Commerce Ministry official stated, 'We have received several requests to stop imports from Turkey. However, we must also consider the interests of our exporters. A trade ban can give a strong geopolitical message, but the question is, how far are we willing to take it?' In the fiscal year 2024-25, India exported goods of $5.72 billion to Turkey, with engineering products alone of $3 billion. 35-40% of these exports came from the MSME sector shows the involvement of small and medium enterprises. Turkey imported goods of $2.99 billion from India like $270.83 million of gold and around $107 million of fruits and nuts. The import of fruits and nuts like apples, increased by around 10% compared to the previous year. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories