#TrumpTariffs Turkey sees opportunity as Trump’s tariffs upset the global economic order

ISTANBUL (AP) – While Trump’s tariffs rattled global markets, Turkey sees potential gains. Hit with just 10% tariffs – lower than many rivals – the nation may capitalize on its unique trade position.

Finance Minister Mehmet Simsek noted Turkey’s 54 free-trade pacts and EU customs union shield its economy, with 68% of exports going to tariff-free partners. “Our lower rate could create sectoral advantages,” he said.

As global supply chains shift, Turkey’s domestic-focused economy appears better positioned than export-reliant peers to weather the trade storm.

*Key elements preserved:*

- Turkey’s comparative advantage

- Minister’s key quotes

- Trade agreement context

- Global economic angle

- Concise AP-style reporting

Can Selcuki, managing partner of Istanbul Economics Research, said the main negative effect on Turkey would likely be through intermediate goods it supplies to countries or entities that export to the U.S. which are subject to higher rates, such as the EU, which is subject to a 20% tariff.

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