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Türkiye, US Convene to Discuss Tariffs
(MENAFN) A delegation representing Turkish trade interests traveled to the United States to engage in discussions on mutual commerce ties, with a specific emphasis on Washington’s newly adopted "reciprocity-based trade policies," according to a statement released by the Turkish Trade Ministry on Monday.
This visit, which took place on May 22, followed an earlier virtual conference in April between Turkish Trade Minister Omer Bolat and senior American officials—namely, US Secretary of Commerce Howard Lutnick and US Trade Representative Ambassador Jamieson Greer.
In early April, Leader Trump enacted an executive directive that introduced reciprocal tariffs for countries across the globe.
Under this measure, all nations are subject to a baseline duty of 10 percent, with certain countries, including "Canada, Mexico, China, and EU states," facing elevated tariff levels.
Türkiye is among the countries now subject to the standard 10 percent tariff rate.
The Turkish delegation, led by Deputy Trade Minister Murat Tuzcu, visited the U.S. capital to hold talks with Deputy U.S. Trade Representative Bryant Trick and other government representatives.
According to the ministry, these conversations revolved around the worldwide effects of the U.S.'s recent trade policy approach based on reciprocity, as well as potential collaborative initiatives that could help strengthen commercial ties during this period.
The visit also addressed further strategic actions that might sustain the positive trajectory in trade relations between Türkiye and the U.S. over the past ten years.
Both sides explored ways to move closer to the longstanding objective of reaching a USD100-billion bilateral trade volume, the ministry stated.
This USD100 billion target was first set in 2019 during the administration of President Donald Trump, following a mutual agreement with Turkish Leader Recep Tayyip Erdogan.
By 2024, the exchange of goods and services between the two nations had reached approximately USD32 billion.
This visit, which took place on May 22, followed an earlier virtual conference in April between Turkish Trade Minister Omer Bolat and senior American officials—namely, US Secretary of Commerce Howard Lutnick and US Trade Representative Ambassador Jamieson Greer.
In early April, Leader Trump enacted an executive directive that introduced reciprocal tariffs for countries across the globe.
Under this measure, all nations are subject to a baseline duty of 10 percent, with certain countries, including "Canada, Mexico, China, and EU states," facing elevated tariff levels.
Türkiye is among the countries now subject to the standard 10 percent tariff rate.
The Turkish delegation, led by Deputy Trade Minister Murat Tuzcu, visited the U.S. capital to hold talks with Deputy U.S. Trade Representative Bryant Trick and other government representatives.
According to the ministry, these conversations revolved around the worldwide effects of the U.S.'s recent trade policy approach based on reciprocity, as well as potential collaborative initiatives that could help strengthen commercial ties during this period.
The visit also addressed further strategic actions that might sustain the positive trajectory in trade relations between Türkiye and the U.S. over the past ten years.
Both sides explored ways to move closer to the longstanding objective of reaching a USD100-billion bilateral trade volume, the ministry stated.
This USD100 billion target was first set in 2019 during the administration of President Donald Trump, following a mutual agreement with Turkish Leader Recep Tayyip Erdogan.
By 2024, the exchange of goods and services between the two nations had reached approximately USD32 billion.
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