TR Economy & Updates

[uçuyorum]

US to impose 25 percent tariffs on steel, aluminum imports - Latest News

The United States will move to impose 25-percent tariffs on steel and aluminum imports this week, President Donald Trump said Sunday, the latest in a slew of trade levies he has announced.

www.hurriyetdailynews.com

Let's see how this impacts us. I am sure these raw products are worth more when WW3 breaks out. So keeping them close at home would be better. Also for construction works and such. imo.

Plus I'd prefer we exported higher value added goods.

Didnt they already sanction us on these

 

[Scott Summers]

Turkey plans to double trade with Turkmenistan to $5 bln per year

interfax.com

We must double down on trade with every country.

 

[Scott Summers]

Turkey, AIIB signs MoU for $5 billion financing to public sector projects

ANKARA : Turkey's Finance Ministry said on Monday that it has signed a memorandum of understanding with the Asian Infrastructure Investment Bank (AIIB) for $5 billion financing for public sector projects in three years.The deal, which was signed in Saudi Arabia's Al Ula, is aimed at funding...

www.channelnewsasia.com

 

[Lool]

Translation:
Central Bank net reserves are at the highest level in history.

https://twitter.com/i/web/status/1891502857683079552

Translation:
There is a widespread belief that the exchange rate is being suppressed through foreign exchange interventions. Yes, the exchange rate is being suppressed right now, but not to prevent it from increasing, but to prevent it from decreasing.

https://twitter.com/i/web/status/1891505936243593674

Translation:
Gross Reserves hit record high at 173 MLR USD
Net international reserves hit record at 68 MLR USD
Net forex position hits record high at 61.3 MLR USD
Liquidity surplus (including reverse swap) broke a record with 1.67 TRL TLRef 44.5% indicates successful liquidity withdrawal:

https://twitter.com/i/web/status/1891522312475648405

 

[Scott Summers]

Iran intends to establish special joint zone with Türkiye - minister

en.trend.az

Iran thinks of a special joint economic zone with Turkey in the West-Azerbaijan province.

 

[Corvus]

Trump's tariffs and the incoming world order may cause a boom for Turkish economy:

 

[Mis_TR_Like]

Turkish markets hit by arrest of Erdogan's rival - RTHK

Turkey's lira fell 12.7 percent and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and sto...

news.rthk.hk

 

[Ryder]

Turkish markets hit by arrest of Erdogan's rival - RTHK

Turkey's lira fell 12.7 percent and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and sto...

news.rthk.hk

Another RTE Classic

 

[B_A]

Good time to buy some stock I guess.

 

[what]

Good time to buy some stock I guess.

Time in the market > buying the dip.

Does Buy the Dip Work? - A Wealth of Common Sense

A closer look at the pros and cons of a buy the dip strategy.

awealthofcommonsense.com

 

[Tonyukuk]

Another RTE Classic

he'll arrest opposition but won't start an operation against YPG because he's scared it'll hurt the economy, typical Erdoğan

 

[B_A]

Time in the market > buying the dip.

Does Buy the Dip Work? - A Wealth of Common Sense

A closer look at the pros and cons of a buy the dip strategy.

awealthofcommonsense.com

When lira fall ,the exporter likes ASELSAN s stocks price must rise in future.

Unfortunately almost of Türkish defence industry dont sell their stock in the market

THY also good to buy.

 

[Mis_TR_Like]

https://twitter.com/i/web/status/1904545504349827406

 

[BalkanTurk90]

https://twitter.com/i/web/status/1904545504349827406

First its really erdogan that cause those inflation or just indepedent Turkiye that dont want to be ruled by west ??
Why lira going down ?
We hear from the mouth of US president itself that going to destroy our economy so i dont think is just erdogan , i am that erdogan should go but we aslo want strong intepedent Turkiye .
Same or more diffucult situation is aslo Serbia which are in middle between western and russia , there aslo has protests but its not Viçic foult its Serbia geo-politics itself same as Turkiye .

 

[Anastasius]

I think people really overestimate just how effective US sanctions can be. Just look at countries that have been hit with REALLY bad US sanctions. If Turkiye wasn't governed by a certain man of questionable intellectual aptitude, it would have found quite a few ways to cope with those issues instead of exacerbating them. Instead the only cope I see from some people is trying to excuse AKP's failings by implying that foreign impediments were just too much to deal with.

Do these foreign impediments cause issues? Yes. Are they the main reason for Turkiye's economy crashing to spectacularly hard? I'm going to say no.

 

[Rooxbar]

Watch to understand Trump admin's plan with the tariffs!

(video is basically a paraphrase of one of Trump's top economic advisors Stephen Miran's paper which lays out the whole thing in broad daylight; along with the rates and country lists being taken from Wikipedia and Chatgpt, this is another reason that although there are some professionals in Trump's team their plans are not going to work because the rest are yes men goons and this is not 1960s, China and EU can create new markets [even if these plans were to work, by nature they take decades for the population to see the results, so in the short run this admin is cooked]).

As mentioned the way these tariffs have been implemented and announced betrays the whole point of it being a credible threat. U.S. allies will not capitulate and even if they're willing to sign a new economic accord to appreciate their currencies, they will not do it with this admin and will wait for the next one.

 

[Costin1984]

Watch to understand Trump admin's plan with the tariffs!

(video is basically a paraphrase of one of Trump's top economic advisors Stephen Miran's paper which lays out the whole thing in broad daylight; along with the rates and country lists being taken from Wikipedia and Chatgpt, this is another reason that although there are some professionals in Trump's team their plans are not going to work because the rest are yes men goons and this is not 1960s, China and EU can create new markets [even if these plans were to work, by nature they take decades for the population to see the results, so in the short run this admin is cooked]).

As mentioned the way these tariffs have been implemented and announced betrays the whole point of it being a credible threat. U.S. allies will not capitulate and even if they're willing to sign a new economic accord to appreciate their currencies, they will not do it with this admin and will wait for the next one.

On paper ,it sounds like a good plan, in reality, this isn't 1945 anymore. Russia isn't the USSR, nor are 450 million EU citizens ready prey for them.US cover is desired, but not really necessary.
The current world economic order is the US own doing,they can't flip the table just because they don't like the game anymore.
I wish the best of luck to them,I don't see them succeeding.

 

[Rooxbar]

Another big issue is no amount of currency depreciation and protectionism will magically produce the crucial factor for high-value-added-manufacturing which is: human capital. Without equal opportunity and cheap higher education which can churn out skilled graduates through a pipeline of a network of selective schools into quality higher education institutions, going through a program of industry-university integrated training to make the industrial planning of specialized industrial ecosystem zones (each selected for its specific features and potentials for that sector) a reality, this whole thing is moot. The demographics and immigration policy is also of no help in this regard.

 

[Costin1984]

Another big issue is no amount of currency depreciation and protectionism will magically produce the crucial factor for high-value-added-manufacturing which is: human capital. Without equal opportunity and cheap higher education which can churn out skilled graduates through a pipeline of a network of selective schools into quality higher education institutions, going through a program of industry-university integrated training to make the industrial planning of specialized industrial ecosystem zones (each selected for its specific features and potentials for that sector) a reality, this whole thing is moot. The demographics and immigration policy is also of no help in this regard.

You're going to tax Vietnam so you can bring back Nike production? How much would a basic pair cost after that,500 dollars starting price?

 

[Rooxbar]

You're going to tax Vietnam so you can bring back Nike production? How much would a basic pair cost after that,500 dollars starting price?

Yeah that whole shtick can only work on a case by case basis if it's going to work, and even then it cannot for such commodities; which goes to show it's a temporary pressuring tool to bring countries to the negotiating table to write new trade rules and currency pegs, which will not happen due to the factors mentioned before.