Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The World Trade Organization (WTO) has ruled against Turkey in a trade dispute brought by Beijing, declaring Turkish tariffs and severe import restrictions on Chinese electric and hybrid vehicles incompatible with global trade rules.
There is a way of establishing a working relationship with U.S. President Donald Trump. First you have to make sure you see him as a smart, respectable world leader. That’s the easy part. Then you have to lure him with trade deals, making sure he is the winning side. Therefore, it comes as no surprise when Turkey unilaterally dropped its retaliatory tariffs on U.S. products on Sept. 22, a few days before the scheduled meeting between President Recep Tayyip Erdoğan and U.S. President Donald Trump at the White House. Buzzwords are important for Trump, and tariff is one of them. The tariffs, which covered products including passenger cars, fruit, rice, tobacco, alcoholic beverages, solid fuels, and chemical products, were introduced in 2018 in response to U.S. tariffs on steel and aluminum imports enacted during Trump's first term in office.
President Recep Tayyip Erdoğan removed additional tariffs on certain U.S.-made products, including automobiles, ahead of his meeting with U.S. President Donald Trump. The Presidential Decree was published in the Official Gazette, saying that no additional taxes will be imposed on imports of U.S.-origin products such as passenger cars, cosmetics and skin care products, leaf tobacco, and alcoholic beverages.
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.
“Turkey gives its children no chance to concern themselves with anything but itself,” said Ahmet Hamdi Tanpınar, a prominent Turkish poet and novelist who died in 1962. While the world was preoccupied with Donald Trump’s tariffs and the international media’s coverage focused on the reactions, Turkey was only discussing the opposition's call for an economic boycott implemented on April 2.