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Home Steel News Turkey to impose additional 40% tariff on Chinese internal combustion engine & hybrid vehicles
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Turkey to impose additional 40% tariff on Chinese internal combustion engine & hybrid vehicles

12 Jun 2024 15:59 reported by Stanley Wang

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Turkey's Ministry of Trade has announced a new tariff on internal combustion engines and hybrid passenger vehicles imported from China, set to take effect from July 7th. The additional tariff will be a significant 40%, with a minimum of US$7,000 per vehicle.

The move aims to protect domestic automakers and address Turkey's current account deficit issues. This decision follows Turkey's earlier imposition of tariffs on electric vehicle imports from China in 2023.

The Ministry emphasized that the decision aligns with efforts to promote domestic investment and manufacturing. If the calculated 40% tariff on an imported vehicle's price falls below US$7,000, a minimum tariff of $7,000 will be imposed, effectively preventing budget Chinese vehicles from entering the country.

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