Trump’s reciprocal tariffs plan kicks in; China vows again to impose countermeasures

Turkey is set to weather the turmoil triggered by U.S. tariffs more easily than other countries, President Recep Tayyip Erdogan said Wednesday.

“It is understood that the trade war ignited by customs tariffs will have a global impact. Saying that a storm is coming that will affect everyone would not be an exaggeration,” he said, in comments carried by state news agency Anadolu.

The Turkish leader nevertheless added that, “as we are among the countries facing low tariffs, we believe we will overcome this period more easily compared to many other countries.”

Turkey has been slapped with the baseline 10% tariff introduced by Washington as part of Trump’s extensive new levies, which has set rates as high as 40% on some countries. Turkey is a major global exporter, with sales worldwide hitting a record $262 billion last year.

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