Archive · 22 Sep 2025
Turkey Removes Tariffs on US Goods, Eyes Trade Deals
Turkey is trying to improve its relationship with the United States.
As a step toward better relations, Turkey has removed taxes it had put on some US goods.
This is happening before a meeting between the leaders of Turkey and the US.
They hope to make big business deals during the meeting.
Turkey wants to triple how much trade it does with the US.
The stock market in Turkey went up because people are excited about these potential deals.
The Turkish leader hopes this meeting will change the relationship between the two countries for the better.
This also may help a Turkish bank that has had issues in the US.
Turkey removed retaliatory tariffs on some US products.
The move precedes a summit between Turkish and US leaders.
The goal is to triple bilateral trade, potentially reaching $100 billion.
Turkish markets saw gains due to expectations of major deals.
A Turkish bank, involved in US sanctions evasion, might benefit from improved ties.
- Who
- Turkey and the United States.
- What
- Turkey removed retaliatory tariffs on US goods.
- When
- Ahead of a summit on September 25.
- Where
- Between Turkey and the United States.
- Why
- To improve relations and potentially reach multibillion-dollar deals.
- Event
- Turkey removed retaliatory tariffs on US goods.
- Date of Summit
- Thursday, September 25
- Targeted Goods
- Cars, whiskey, and other goods.
- Trade Goal
- Triple bilateral trade to $100 billion.
- Key Players
- Recep Tayyip Erdogan, Donald Trump