Turkey Seeks Negotiations with U.S. to Lift 10 percent Additional Tariffs Amid Trade Surplus Concerns
- by Yusuf, Ankara, RNG247
- about 24 days ago
- 71 views

In a significant move reflecting Turkey's ongoing trade relations with the United States, Turkish Trade Minister Omer Bolat announced on Friday that the Turkish government is eager to negotiate the recent 10% additional tariffs imposed by the Biden administration. These tariffs, initially instituted under former President Donald Trump, have raised concerns among Turkish officials who contend they are impactful with respect to the current trade balance between the two nations.
"I would like to emphasize that these tariffs are the 'best of the worst,' as they are considerably lower compared to the elevated tariffs faced by many other nations," Minister Bolat stated during a press conference. The comments underline Turkey's strategic stance in navigating its economic relationship with the United States, particularly in light of recent global trade tensions.
According to Bolat, the Turkish government believes that addressing these tariffs is vital given the context of a projected $2.4 billion trade surplus favoring the U.S. in 2024. This surplus, he argues, makes the case for negotiation all the more pressing and underscores the potential for a more balanced and mutually beneficial trade agreement.
"We want to open discussions regarding this matter with the U.S. Department of Commerce and the Office of the Trade Representative," Bolat added, highlighting Turkey's commitment to engaging constructively with U.S. trade officials. As tensions remain high amid broader geopolitical issues, such negotiations could play a critical role in shaping future trade relations.
The call for action comes at a time when countries are grappling with the complexities of international trade dynamics, particularly post-pandemic. The Turkish government’s desire to recalibrate tariffs represents not only economic incentive but also a strategic maneuver in fostering closer ties with key trade partners in a shifting global landscape.
As both nations look to navigate these challenging waters, the outcome of these negotiations could have substantial implications for the economic health and diplomatic relations of Turkey and the United States moving forward.
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