Key Players in Turkey’s Political Opposition

Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu meets with the other opposition party leaders Temel Karamollaoglu of Saadet Party, Meral Aksener of IYI (Good) Party, Ahmet Davutoglu of Gelecek (Future) Party, Ali Babacan of Democracy and Progress Party (DEVA) and Gultekin Uysal of Democratic Party in Ankara, Turkey February 12, 2022. (CHP/Handout via Reuters)
Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu meets with the other opposition party leaders Temel Karamollaoglu of Saadet Party, Meral Aksener of IYI (Good) Party, Ahmet Davutoglu of Gelecek (Future) Party, Ali Babacan of Democracy and Progress Party (DEVA) and Gultekin Uysal of Democratic Party in Ankara, Turkey February 12, 2022. (CHP/Handout via Reuters)
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Key Players in Turkey’s Political Opposition

Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu meets with the other opposition party leaders Temel Karamollaoglu of Saadet Party, Meral Aksener of IYI (Good) Party, Ahmet Davutoglu of Gelecek (Future) Party, Ali Babacan of Democracy and Progress Party (DEVA) and Gultekin Uysal of Democratic Party in Ankara, Turkey February 12, 2022. (CHP/Handout via Reuters)
Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu meets with the other opposition party leaders Temel Karamollaoglu of Saadet Party, Meral Aksener of IYI (Good) Party, Ahmet Davutoglu of Gelecek (Future) Party, Ali Babacan of Democracy and Progress Party (DEVA) and Gultekin Uysal of Democratic Party in Ankara, Turkey February 12, 2022. (CHP/Handout via Reuters)

Kemal Kilicdaroglu, leader of Turkey's main opposition party, said he saw no purpose for Ankara's Russian missile defense purchases which triggered US sanctions and would overhaul the Central Bank if victorious in elections due by June 2023.

His party is one of six in an alliance aiming to oust President Tayyip Erdogan and his ruling AK Party (AKP). Here are descriptions of some of the key opposition figures in Turkish politics:

CHP leader Kemal Kilicdaroglu

Main opposition Republican People's Party (CHP) head Kemal Kilicdaroglu, 72, has led the center-left, secularist party since 2010. Under his leadership the CHP has failed to close the gap with Erdogan's AKP in parliamentary elections. With support holding between 22-26% in general elections, critics have questioned his ability to push the CHP to the top nationally. Kilicdaroglu was a civil servant who ran the social security institution before entering politics and he is a favorite target of Erdogan's criticism in speeches. His profile rose in 2017 when he led an opposition march from Ankara to Istanbul to protest the jailing of one of his party's lawmakers.

IYI Party leader Meral Aksener

Former interior minister Meral Aksener, 65, has risen to greater prominence in recent years as a potential challenger to Erdogan. She was expelled from the nationalist MHP party in 2016 after mounting an unsuccessful bid to oust its long-standing leader Devlet Bahceli. In 2017, she formed the moderately nationalist IYI (Good) Party, which formed an alliance with the CHP in 2018 elections and has 36 lawmakers in the 600-seat parliament. She appeals to right-wing and nationalist voters disenchanted with the MHP over its alliance with the AKP. She has pressed for a return to the parliamentary system which was replaced in 2018 with a presidential one under Erdogan.

Istanbul Mayor Ekrem Imamoglu

After five years as CHP mayor of an Istanbul district, former businessman Ekrem Imamoglu, 51, rose to prominence in March 2019 when he defeated the AKP mayoral candidate in municipal elections. His status as a major new player in Turkish politics was reinforced after authorities annulled that vote and he won a re-run election more decisively, dealing a major blow to Erdogan's dominance. Backed by an opposition alliance, Imamoglu has succeeded in appealing to more conservative voters beyond the party's secularist grassroots. He has clashed at times with Erdogan over issues such as handling of the coronavirus pandemic and the president's plans for a huge canal cutting through the west of Istanbul. He is seen as a potential presidential candidate even as he runs Turkey's largest city in a term scheduled to run until 2024.

Ankara Mayor Mansur Yavas

Nationalist politician and lawyer Mansur Yavas, 66, defeated the AKP candidate in 2019 municipal elections in the Turkish capital as the CHP candidate backed by an opposition alliance. Previously he served for 10 years as the nationalist MHP mayor of an Ankara district until 2009. He left the MHP in 2013 and joined the CHP the same year before narrowly losing the Ankara municipal election in 2014. Opinion polls have indicated strong support for Yavas as a potential challenger to Erdogan at the national level after he won praise for his performance as Ankara mayor during the coronavirus pandemic.

Deva Party leader Ali Babacan

Babacan, 54, is an ex-deputy prime minister and former close ally of Erdogan who resigned from the AKP in 2019 due to "deep differences" about its direction. He formed the Deva (Remedy) Party and called for reforms to strengthen the rule of law and democracy. He served as economy and foreign minister before holding the post of deputy prime minister from 2009 to 2015. He was well regarded by foreign investors during his time in charge of the economy.

Future Party leader Ahmet Davutoglu

Davutoglu, 62, served as prime minister between 2014 and 2016 but first came to prominence as foreign minister between 2009 and 2014. He broke with Erdogan's AKP in 2019 and established the Gelecek (Future) Party. In the first decade of AKP rule he championed a less confrontational foreign policy with the mantra "zero problems with neighbors", but his Middle East strategy was derailed in the turmoil of the Arab uprisings. He has since criticized what he described as a lurch towards authoritarianism under the executive presidency.



Trump's Week of Tariff Turmoil Rings Recession Alarm

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura  REFILE - QUALITY REPEAT
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura REFILE - QUALITY REPEAT
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Trump's Week of Tariff Turmoil Rings Recession Alarm

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura  REFILE - QUALITY REPEAT
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura REFILE - QUALITY REPEAT

A week of turbulence unleashed by US President Donald Trump's tariffs showed little sign of easing on Friday, with financial markets again whipsawing and foreign leaders grappling with how to respond to a dismantling of the world trade order.

A brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days quickly dissipated, as attention returned to his escalating trade war with China that has fueled global recession fears.

US Treasury Secretary Scott Bessent tried to assuage sceptics by telling a cabinet meeting on Thursday that more than 75 countries wanted to start trade negotiations. Trump himself expressed hope of a deal with China, the world's No.2 economy.

But the uncertainty in the meantime extended some of the most volatile trading since the early days of the COVID-19 pandemic.

The S&P 500 index ended 3.5% lower on Thursday and is now down about 15% from its all-time peak in February.

Asian indices mostly followed Wall Street lower on Friday with Japan's Nikkei down 4%, though markets in Taiwan and Hong Kong turned positive and European stocks were set to open slightly firmer.

A sell-off in government bonds - which caught Trump's attention before Wednesday's pause - picked up pace on Friday with US long-term borrowing costs set for their biggest weekly increase since 1982. Gold, a safe haven for investors in times of crisis, scaled a record high.

"Recession risk is much, much higher now than it was a couple weeks ago," said Adam Hetts, global head of multi-asset at investment fund Janus Henderson.

Bessent on Thursday shrugged off the renewed market turmoil and said striking deals with other countries would bring certainty.

The US and Vietnam have agreed to begin formal trade talks, the White House said. The Southeast Asian manufacturing hub is prepared to crack down on Chinese goods being shipped to the United States via its territory in the hope of avoiding tariffs, Reuters exclusively reported on Friday.

Japanese Prime Minister Shigeru Ishiba, meanwhile, has set up a trade task force that hopes to visit Washington next week. Taiwan said it also expects to be included in the first batch of trading partners to hold talks with Washington.

CHINA DEAL?

As Trump suddenly paused his 'reciprocal' tariffs on other countries hours after they came into effect earlier this week, he ratcheted up duties on Chinese imports as punishment for Beijing's initial move to retaliate.

Trump has now imposed new tariffs on Chinese goods of 145% since taking office, a White House official said.

Chinese officials have been canvassing other trading partners about how to deal with the US tariffs, most recently talking to counterparts in Spain, Saudi Arabia and South Africa.

Trump told reporters at the White House he thought the United States could make a deal with China, but he reiterated his argument that Beijing had "really taken advantage" of the US for a long time.

"I'm sure that we'll be able to get along very well," Trump said, adding that he respected Chinese President Xi Jinping. "In a true sense he's been a friend of mine for a long period of time, and I think that we'll end up working out something that's very good for both countries."

China, which has rejected what it called threats and blackmail from Washington, restricted imports of Hollywood films, targeting one of the most high-profile American exports.

The US tariff pause also does not apply to duties paid by Canada and Mexico, whose goods are still subject to 25% fentanyl-related tariffs unless they comply with the US-Mexico-Canada trade agreement's rules of origin.

With trade hostilities persisting among the top three US trade partners, Goldman Sachs estimates the probability of a recession at 45%.

Even with the rollback, the overall average import duty rate imposed by the US is the highest in more than a century, according to Yale University researchers.

The pause also did little to soothe business leaders' worries about the fallout from Trump's trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

One reprieve came, however, when the European Union said on Thursday it would pause its first counter-tariffs.

The EU had been due to launch counter-tariffs on about 21 billion euros ($23 billion) of US imports next Tuesday in response to Trump's 25% tariffs on steel and aluminium. It is still assessing how to respond to US car tariffs and the broader 10% levies that remain in place.

Finance ministers from the 27-country bloc will brainstorm on Friday how to use the pause to get a trade deal with Washington and how to coordinate their efforts to handle tariffs if they do not.

European authorities estimate the impact of the US tariffs its economy would total 0.5% to 1.0% of GDP. Given the EU economy as a whole is forecast to grow 0.9% this year, according to the European Central Bank, the US tariffs could tip the EU into recession.