Reported about 1 year ago
On June 8, 2024, Turkey announced that starting from July 7, they will impose an additional 40% tariff on imported cars from China, with a minimum additional tariff of $7,000 per car. This decision follows recent high tariffs imposed by other countries on Chinese electric vehicles, as Chinese car manufacturers focusing on electric vehicles have been aggressively expanding globally. Turkey had previously raised tariffs on Chinese electric cars in 2023 to support their first domestically produced electric car. This move is part of a trend where countries like the US and EU are taking tariff actions against Chinese electric cars and other products.
Source: YAHOO