Turkey to Impose Additional 40% Tariff on All China Vehicles

(Bloomberg) — Turkey will raise tariffs on all vehicle purchases from China by 40%, in a bid to curb imports and narrow the current account deficit.

The tariff imposed will be a minimum of $7,000, according to a presidential decision published in the Official Gazette. The decision will be effective after 30 days.

Turkey had raised customs duty on Chinese electric vehicles in 2023 to support the country’s first domestically produced EV.