China Developments and Global Competition: Trump's New Tax Strategy

Recently, the trade war between China and the USA has reignited. Trump announced new customs tariffs, and how Turkey will be affected by this situation is being closely watched.
President Donald Trump announced customs tariffs for 185 countries. Turkey has one of the lowest tariffs at 10%. However, China's potential aggressive trade moves could negatively impact Turkey.

Following Trump's announcements, it was noted that the trade volume between Turkey and the USA reached 40 billion dollars. Exporters believe that these new tariffs could present opportunities for Turkey.
Nail Olpak, President of the Foreign Economic Relations Board (DEIK), stated that Turkey could turn these new customs tariffs into an advantage. It is expected that competition with Asian countries will increase.

China's retaliatory tariffs against the USA could escalate the trade war further. Experts indicate that this situation will have negative effects on both the US and Chinese economies.

In conclusion, Trump's new customs tariffs present opportunities for Turkey while simultaneously increasing competition in global trade. Turkish businesses need to be cautious during this process.