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Turkey to Impose 40% Tariff on Chinese Vehicle Imports, Minimum $7,000
Jun 8, 2024, 08:11 AM
On June 8, 2024, Turkey will impose a 40% additional tariff on all vehicle imports from China. The new tariffs, which will be a minimum of $7,000, are aimed at curbing imports and narrowing the current account deficit. The new tariffs will come into effect after 30 days.
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Widening of the trade deficit • 33%
Narrowing of the trade deficit • 34%
No significant change • 33%
Below 5% • 33%
Between 5% and 10% • 33%
Above 10% • 33%
Sanctions imposed • 33%
No sanctions • 33%
Under deliberation • 34%
Significantly reduce deficit • 33%
Reduce deficit moderately • 33%
No significant impact on deficit • 34%
Improve • 33%
Worsen • 33%
Stay the same • 34%
