Reported 8 months ago
Turkey will impose additional tariffs on all Chinese-made cars in the future, with a 40% tariff and a minimum of $7000 per car. This decision has raised concerns in the Turkish automotive industry due to the unstable domestic market and severe inflation, potentially leading to higher car prices. The additional tariffs are seen as market intervention by some, possibly causing European car prices to increase as well. The move aims to protect local Turkish car brands like TOGG and attract Chinese car manufacturers to invest in Turkey.
Source: YAHOO