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ECONOMY
ECO Leaders Meet in Khankendi for 17th Summit
The 17th Summit of the Economic Cooperation Organization (ECO) convened in Khankendi, Azerbaijan, with the participation of Turkish President Recep Tayyip Erdoğan and other regional leaders. Hosted by Azerbaijani President Ilham…
Trump Doubles Tariffs on Steel and Aluminum Imports
US President Donald Trump's decision to raise tariffs on steel and aluminum imports from 25% to 50% has taken effect. Trump said the move aims to protect national security and counter low-priced foreign metals harming US…
US-China Agree on 90-Day Tariff Suspension
Following intensive talks in Geneva, US Treasury Secretary Scott Bessent announced that Washington and Beijing have agreed to suspend mutual tariffs for 90 days. The US will lower tariffs on Chinese goods from…
Apple Shifts Production for US Market to India and Vietnam
Apple CEO Tim Cook announced that most iPhones sold in the US will soon be manufactured in India, as the company moves production out of China due to US tariffs. Cook also said Vietnam will become the main hub…
Thousands of Chinese EVs Arrive at Turkish Port
A massive shipment of electric vehicles from China was delivered to Safiport Derince in Kocaeli, Türkiye, by the BYD Changzhou transport ship. The vessel, operated by Chinese EV giant BYD, arrived on April 5 after a 39-day voyage from…
China Hikes Tariffs on US Goods to 125%
China has raised tariffs on US imports from 84% to 125% in response to new US trade measures. The move, announced by China’s State Council Tariff Commission, accuses the US of violating international trade rules and…
China Hikes Tariffs on US Goods to 84 Percent
China raised tariffs on US imports from 34% to 84% starting April 10, escalating tensions in an ongoing trade dispute. Beijing also imposed export controls on 12 US firms and added six more to its “unreliable entities list.”
The…
China Hits Back at US Tariffs
China has imposed a 34% customs duty on all US goods in response to the same rate announced by US President Donald Trump. The move includes trade restrictions on rare earth exports critical to tech and defense industries and the…
Trump Announces New Trade Policy with High Tariffs
US President Donald Trump unveiled a new economic doctrine, imposing a 25% tariff on foreign-made automobiles and additional tariffs on various countries, including China (34%), the EU (20%), and Japan (24%). Calling past trade policies…
Türkiye’s Samsun Emerges as Investment Hub with MKE and Chery Factories
Türkiye's Samsun is set to become a key industrial and technological hub with major investments from Türkiye’s Machinery and Chemical Industry (MKE) and Chinese automaker Chery. Aerial footage captured the…