On November 8, 2024, Turkish President Tayyip Erdogan extended an invitation to President-elect Donald Trump for an official visit to Turkey, aiming to improve the historically tense relationship between the two nations. Erdogan stated that during a recent phone conversation, Trump expressed positive sentiments towards Turkey, which has been welcomed by Turkish officials and investors alike.
Erdogan emphasized that a visit from Trump could enhance U.S.-Turkey relations, suggesting a partnership that differs from the previous administration marked by significant disputes and economic tariffs. He noted, 'We had a sincere call with Mr. Trump... He had very nice things to say about Turkey regarding the period ahead.'
The Turkish leader indicated that collaboration with Trump’s administration might help address regional challenges. The relationship between Turkey and the U.S. has been strained under President Joe Biden, with no visits occurring during Biden's tenure and a failed planned visit by Erdogan to the White House earlier this year.
Despite previous tensions, particularly regarding Turkey's purchase of a Russian missile defense system and differing views on Kurdish fighters in Syria, Erdogan's party anticipates a more flexible approach from Trump concerning Turkey's security concerns. Following Trump's electoral victory, the Turkish lira strengthened, and Istanbul's stocks rose by over 5%.
Trade Minister Omer Bolat expressed optimism that Trump might ease tariffs on Turkish steel and textile exports. However, the impact of past disputes, including tariffs imposed during Trump’s first term and economic crises in Turkey, remains a concern.
Sinan Ulgen, a former Turkish diplomat, noted that while Turkey may benefit from a Trump presidency in the short term, longstanding foreign policy disagreements could pose challenges in the future. He stated, 'Ankara will try to create an agenda aimed at a reset in Turkish-American ties.'