40% tariff! Worse than the European Union
According to foreign media reports, Turkey announced in a decision published in the Official Gazette on Friday that it will impose anti-dumping duties on some steel imports from China, Russia, India and Japan. Chinese imports have the highest tariffs.
Wessel Ayan, secretary general of the Turkish Steel Producers Association (TCUD), told Reuters that the recently implemented tariffs affected about 4 million tons of imported steel products, whose value is estimated at between $2 billion and $2.2 billion.
According to the Official Gazette, after a complaint from Turkey's domestic steel producers, the relevant authorities conducted an investigation into the import of hot-rolled coils. The findings show that the practice of so-called "steel dumping" poses a threat to domestic steel production.
According to the decision, tariffs of 15 to 43 percent will be imposed on imports from China, while tariffs of 6 to 9 percent will be imposed on imports from Russia, India and Japan. These anti-dumping duties will be in addition to the 15% and 13% duties previously imposed on non-alloy hot coils and alloy hot coils, respectively.
Turkey's decision comes amid escalating trade tensions between China and Turkey over tariffs on electric vehicles and other goods, after China sued Turkey at the World Trade Organization over tariffs on Chinese electric vehicles.
Turkey's General Directorate of Imports (DGI) announced that starting from September 27, a tariff of $25 per square meter will be imposed on photovoltaic modules from Vietnam, Malaysia, Thailand, Croatia and Jordan. However, Jinko Malaysia, JA Solar Vietnam, Trina Solar Thailand and Vina Solar, a Vietnamese module maker acquired by Longi Green Energy, were exempted from tariffs.
In addition, the Turkish Ministry of Trade announced on November 25, 2023 that it has launched an anti-circumvention investigation into the anti-dumping case of photovoltaic modules originating in China. The investigation is examining whether the Chinese products involved were exported to Turkey through countries including Vietnam, Malaysia, Thailand, Croatia and Jordan in order to circumvent the US $20 / m2 anti-subsidy duties previously imposed on Chinese photovoltaic products.
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In the field of electric vehicles, Turkey announced in March 2023 an additional 40% additional tariff on electric vehicles imported from China, and on June 8 extended the scope of this additional tariff to fuel and hybrid passenger vehicles. As the seventh largest automobile manufacturer in Europe, Turkey's automobile industry plays an important role in the national economy. However, the Turkish auto industry has few independent brands, and many European auto brands have set up subsidiaries and factories in Turkey.
Despite Turkey's strong support for the development of local car brands and the launch of local car manufacturer Togg in recent years, Turkey's auto tariffs on China have reached as high as 50%. Turkey's trade ministry said the additional tariffs were imposed to increase and protect the share of domestic production and encourage domestic investment and production. However, the industry pointed out that this kind of high tariff barriers not only damages the economic and trade relations between China and Turkey, but also cannot really solve the problem of the weak domestic electric vehicle industry in Turkey.
At the same time, Turkey's electric vehicle market is growing rapidly. According to the Turkish Automobile Distributors and Mobility Association (ODMD), sales of all-electric vehicles in Turkey surged 94.7 percent to 47,032 units in the first eight months of this year, and the proportion of electric vehicles in total sales increased to 7.8 percent from 4.1 percent in the same period last year. Among them, Togg ranks first in the domestic electric vehicle market with sales of nearly 15,000 units.
Regarding the act of raising tariffs on imported cars from China, the Turkish Trade Ministry said that the imposition of additional tariffs is to increase and protect the declining share of domestic production and encourage domestic investment and production.
However, some industry insiders pointed out that after Turkey imposed additional tariffs on Chinese cars, Turkey's auto tariffs on China have come to 50%, such high tariff barriers not only damage the economic and trade relations between China and Turkey, but also can not really solve the problem of Turkey's local electric vehicle industry is weak.
