Turkish Trade Hopes for Reduced U.S. Tariffs

Turkish Trade Minister Omer Bolat expressed optimism for decreased U.S. tariffs on Turkish steel and textile exports with the new presidency of Donald Trump. During an interview with AHaber, Bolat discussed potential changes in trade relations under the incoming administration.


Devdiscourse News Desk | Istanbul | Updated: 07-11-2024 14:00 IST | Created: 07-11-2024 14:00 IST
Turkish Trade Hopes for Reduced U.S. Tariffs
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In an interview with AHaber, Turkish Trade Minister Omer Bolat conveyed expectations for reduced tariffs on steel and textile exports to the United States. Bolat's comments come as Donald Trump assumes the presidency, indicating possible shifts in trade dynamics.

Bolat's optimism is rooted in promises of improved trade conditions between Turkey and the U.S. The new administration is expected to review existing tariff structures, potentially favoring Turkish exports.

The trade minister's remarks highlight the critical importance of strengthening bilateral trade relations, as both countries anticipate changes in economic policy under the Trump administration.

(With inputs from agencies.)

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