While Europe has yet to decide how to protect itself from the Chinese offensive in the car market and has yet to decide whether to introduce anti-subsidy duties for Chinese electric cars, Turkey is moving forward and announces the imposition of additional duties of 40% on all Chinese vehicles. The target? Curb imports of this type of car.
Turkey takes action
According to Bloomberg, the tariff imposed by Türkiye on Chinese cars will be one minimum of $7,000, according to a presidential decision published in the Official Journal. It is not the first time that the Turkish government has acted in this sense: we remember that already last year the country had increased customs duties on Chinese electric vehicles hoping to support domestically produced electric cars.
Duties on Chinese electric cars
As mentioned, Europe is also evaluating the introduction of measures of this type. Only a few days ago, a spokesperson for the EU Commission reiterated that the deadline of 5 June to decide whether to impose anti-subsidy duties on Chinese electric cars for Brussels was a rather indicative timetable, and that as scheduled there will be time until next July 4th to take the final decision on the matter. We remind you that the Commission itself can decide to impose provisional duties within 9 months from the opening of the investigation, which dates back to 4 October 2023, although the closure of the latter is expected within a maximum of 13 months.
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