EXPORTERS FEAR $350 BILLION CHINESE TRADE SHIFT
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.
Analysis
In-Depth Analysis
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MONTENEGRO ENDS VISA-FREE TRAVEL FOR TURKISH CITIZENS
Montenegro announced that citizens of Turkey, China, Russia, Saudi Arabia and Belarus will be subject to a new visa requirement as part of the country's accession with the European Union (EU).
TURKEY’S UNREQUITED LOVE WITH CHINA
The way Donald Trump was received in Beijing by Xi Jinping showed China’s increased power and confidence in its relations with the US. Trump’s flattery of his host was a clear indication that China will no longer be regarded as an underdog that Trump can push around with arbitrary tariff increases.
‘MADE IN EUROPE’ PROPOSAL: BAD NEWS AND GOOD NEWS FOR TURKEY
The EU’s draft “Made in Europe” proposal to support European producers of green technology excludes Turkey from “Europe” but allows the European Commission to determine which non-EU countries can be included in the scheme on a sectoral basis. The Turkish business community is alarmed at the new rules aimed at strengthening European manufacturing against rising competition from China and the U.S., Turkey in Depth learned. Fearing this would create a new hurdle in Turkey’s trade with the EU, business leaders have been lobbying in Brussels, urging officials to consider Turkey as part of Europe. Turkey in Depth has learned that President Recep Tayyip Erdoğan sent a letter to President of the European Commission Ursula von der Leyen regarding the decision.
TURKEY IN A POST-WESTERN WORLD: STRATEGIC OPPORTUNITIES AND SYSTEMIC RISKS
The newly released U.S. Strategic Security paper signals the most significant shift in American grand strategy since the end of the Second World War. Its defining features are the explicit identification of China as a peer competitor, the reaffirmation of Russia as a principal adversary, and—perhaps most striking—the retreat from the ideological mission that once sustained “the West” as a political and civilizational project.
BAHÇELİ'S TRÇ PROPOSAL FALLS FLAT
President Recep Tayyip Erdoğan shows no interest in MHP Chair Devlet Bahçeli's proposal that Turkey, Russia, and China (TRÇ) should form an alliance against the U.S.-Israel coalition.
ANKARA–BEIJING TIES TESTED FROM HOTEL DOORS TO TRADE FLOORS
It is not unusual for a Turkish citizen visiting China to receive a knock on the door in the middle of the night by a police officer. On my third day in China, I received a call from the reception telling me a police officer wanted to come up to my room to ask a few questions. I said that I would come down and while I was trying to get in touch with the German think-tank that had invited me to China, the receptionist and the police officer were at the door of my hotel room.
NATIONALIST CHAIR CALLS FOR TURKEY-RUSSIA-CHINA ALLIANCE AGAINST U.S.-ISRAEL
MHP Chair Devlet Bahçeli has called for an alliance between Turkey, Russia, and China (abbreviated as TRÇ in Turkish) to counter what he described as the 'evil coalition' of the United States and Israel, which he said was 'challenging the world.'
CHINA, UAE AND TURKEY FORM UNLIKELY ALLIANCE FOR FINTECH
A joint Turkish-UAE-Chinese venture is set to launch a comprehensive digital banking and payments platform in Turkey, marking an unusual cross-border collaboration that includes players from both the Gulf and China.
CENTRAL ASIAN REPUBLICS A LA MODE?
The Central Asian Republics of Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan and Tajikistan have been on the radar of those who follow international relations due to two recent developments. Traditionally, the Central Asian Republics, rich in natural resources in a geo-strategic location, have been in the Russian sphere of influence and Russia still tries to exert dominance over them. However, nearly all have started to diversify their relations with third countries and regional groupings such as China, the U.S., the EU and Turkey.
HOW WILL THE TRUMP TARIFF HIKES IMPACT TURKEY?
Donald Trump’s “Liberation Day” tariffs continue to shake the global economy and wreak havoc. Although President Trump announced a 90-day pause for most countries on April 9, letting markets soar after days of economic turmoil, he decided to hit China with further tariffs of an unprecedented 125%. There is no question that this will deepen the trade war with China. Regardless of the tariff pause, all major countries are still reflecting on worst-case scenarios. It is highly disputable whether President Trump will achieve his declared goal of striking fair and balanced trade deals with America’s partners. Let us hope that common sense will prevail and tariffs will be mutually lowered to reasonable levels through negotiations. However, given President Trump’s dithering, there is nothing but turmoil and chaos to be expected on the horizon.
JOINING BRICS IS EASIER SAID THAN DONE
Only some people, apart from the experts and those involved with the energy sector, are aware that Turkey has quietly joined the Minerals Security Partnership (MSP), a Western cooperation platform on essential minerals. Critical minerals have become the new frontline of the rivalry between China and the US. China has a global monopoly on the production (70%) and processing (90%) of rare-earth elements (REEs).