Turkey to impose 40% additional tariff on vehicle imports from China

Reuters
2024.06.08 05:14
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Turkey has announced a 40% additional tariff on vehicle imports from China, effective from July 7th. The minimum tariff charge will be $7,000 per vehicle. In 2023, Turkey also imposed additional tariffs on electric vehicle imports from China.

ISTANBUL, June 8 (Reuters) - Turkey has decided to impose a 40% additional tariff on imports of vehicles from China, a presidential decision published in the country’s Official Gazette showed on Saturday.

The additional tariff is set at a minimum of $7,000 per vehicle. The decision will be effective from July 7.

The decision said if the 40% tariff calculated from the price of an imported vehicle is under $7,000 then the minimum tariff of $7,000 will be charged.

In 2023, Turkey imposed additional tariffs on electric vehicle imports from China and brought some regulations regarding EV maintenance and services.