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Turkey to Impose Additional 40% Tariff on All China Vehicles
The tariff imposed will be a minimum of $7,000, according to a presidential decision.
Source: 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.