Turkish trade minister seeks stronger ties, tariff cuts under Trump’s administration

Türkiye’s Trade Minister Omer Bolat outlined expectations for a more cooperative trade environment with the upcoming Trump administration, expressing hopes for reduced tariffs on Turkish steel and textile exports to the U.S.

Speaking at the Türkiye Export Mobilization Program in Istanbul, Bolat emphasized a cautious optimism toward potential changes in trade relations as Donald Trump prepares to re-enter the White House.

‘Balanced and sustainable trade’ as core goal

Highlighting the trade and challenges between Türkiye and the U.S., Bolat stated that Türkiye seeks a fairer tariff structure on key export items, particularly in steel and textiles. He noted that addressing these tariffs would support Turkish industry and bilateral economic growth, calling for a balanced approach to mutual trade interests.

Türkiye’s broader economic gains

Bolat also detailed Türkiye’s recent economic achievements, including reduced import levels and improved domestic production.

He credited policy measures for the country’s narrowed trade deficit, increased foreign reserves, and stabilized currency markets.

These developments, he stated, signal a rebalanced approach to foreign economic relations and have brought added stability to Türkiye’s economy.

Anticipated outcomes with Trump administration

Bolat expressed that while Trump‘s previous term saw trade tensions, there is now potential for improvement. Türkiye, he added, expects more balanced policies, particularly regarding sanctions in the defense sector.

“With Trump’s return, there’s hope for a fairer approach to defense and economic cooperation,” Bolat noted.