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ECONOMY
EU Warns US Tariffs Could Trigger De Facto Trade Ban
EU Trade Commissioner Maros Sefcovic warned that a proposed 30% US tariff on European goods would effectively amount to a trade ban, severely disrupting transatlantic supply chains.
Speaking ahead of the EU Foreign Affairs Council in…
EU Extends Retaliation Deadline Over US Tariffs to August
European Commission President Ursula von der Leyen announced that the EU will delay its retaliatory tariffs against the US until early August, allowing more time for negotiations.
Speaking in Brussels alongside Indonesian President Prabowo…
Trump Proposes 50% Tariff Hike on US Copper Trade
US President Donald Trump has called for a 50% increase in tariffs on copper mineral trade during a cabinet meeting at the White House. He warned that tariffs could reach up to 200% for sectors like semiconductors and medical…
Yusufeli Dam Brings in Over $200 Million for Türkiye
Yusufeli Dam, Türkiye’s tallest dam and the fifth highest in the world, has generated 3.1 billion kilowatt-hours of electricity since 2024, contributing approximately 8.4 billion liras to the national economy. Built on the Çoruh…
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…