Turkey sees opportunity as Trump's tariffs upset the global economic order
Published on: Monday 07 April 2025
As the dust settled on President Donald Trump’s tariffs, business figures and economists in Turkey have begun to glimpse a silver lining to the economic storm clouds. Turkey was hit with a baseline 10% tariff in Trump’s announcement last week, compared with higher tariffs for many other countries, raising the prospect that the world’s 17th largest economy could leverage an advantage from the tariff regime. Finance Minister Mehmet Simsek said Monday that the country’s focus on domestic demand rather than exports would mean a more limited impact on the economy.
