Add 40% tariff! More ruthless than the EU

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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 imported steel from China, Russia, India and Japan. Among them, China has the highest tariffs on imported products.

Wesel Yayan, secretary-general of the Turkish Steel Producers Association (TCUD), told Reuters that the recently implemented tariff measures affect approximately 4 million tons of imported steel products, with the value of these products estimated to be between US billion and US.2 billion..

According to the Official Gazette, relevant authorities launched an investigation into the import of hot-rolled coils after Turkish domestic steel producers lodged a complaint. The findings show that so-called "steel dumping" behavior poses a threat to domestic steel production.

According to this decision, imports from China will be subject to tariffs of 15% to 43%, while imports from Russia, India and Japan will be subject to tariffs of 6% to 9%. These anti-dumping duties will be implemented on top of the original 15% and 13% tariffs levied on non-alloy hot coils and alloy hot coils respectively.

Turkey's decision comes as trade tensions between China and Turkey escalate over tariffs on electric vehicles and other goods, after China sued Turkey at the World Trade Organization over tariffs it imposed on Chinese electric vehicles.

Turkey’s Directorate General of Imports (DGI) announced that starting from September 27, it will impose a tariff of US/square meter on photovoltaic modules from Vietnam, Malaysia, Thailand, Croatia, and Jordan. However, Jinko Solar's Malaysian subsidiary, JA Solar's Vietnamese subsidiary, Trina Solar's Thai subsidiary, and Vietnamese module manufacturer Vina Solar acquired by Longi Green Energy have obtained tariff exemptions.

In addition, the Turkish Ministry of Trade issued an announcement on November 25, 2023, stating that it had launched an anti-circumvention investigation into the anti-dumping case of photovoltaic modules originating in China. The investigation aims to examine whether the Chinese products involved in the case were exported to Turkey through countries such as Vietnam, Malaysia, Thailand, Croatia and Jordan to circumvent the US/square meter countervailing tariff previously imposed on Chinese photovoltaic products.

In the field of electric vehicles, Turkey announced in March 2023 that it would impose an additional 40% additional tariff on electric vehicles imported from China, and on June 8, it would expand the scope of this additional tariff to include fuel and hybrid passenger vehicles. As the seventh largest automobile manufacturer in Europe, Turkey's automobile industry occupies an important position in the national economy. However, the Turkish automobile industry has few independent brands, and many European automobile brands have established subsidiaries and factories in Türkiye.

Although Turkey strongly supports the development of local car brands and has launched local car manufacturer Togg in recent years, Turkey's tariffs on Chinese cars have reached as high as 50%. The Turkish Trade Ministry stated that the additional tariffs were imposed to increase and protect the share of domestic production and encourage domestic investment and production. However, industry insiders pointed out that this act of erecting high tariff barriers will not only damage the economic and trade relations between China and Turkey, but also cannot truly solve the problem of Turkey’s weak local electric vehicle industry.

Meanwhile, Türkiye's electric vehicle market is growing rapidly. According to data from the Turkish Automobile Distributors and Mobility Association (ODMD), from January to August this year, the sales of all-electric vehicles in Turkey surged 94.7% to 47,032 units, and the proportion of electric vehicles in total sales also increased from 4.1% in the same period last year. to 7.8%. Among them, Togg ranks first in the domestic electric vehicle market with sales of nearly 15,000 vehicles.

Regarding the increase in tariffs on imported automobiles from China, the Turkish Ministry of Trade stated that the additional tariffs were levied to increase and protect the declining share of domestic production and encourage domestic investment and production.

However, some people in the industry pointed out that after Turkey imposed additional tariffs on Chinese cars, Turkey’s tariffs on Chinese cars have reached 50%. This act of building high tariff barriers will not only damage the economic and trade relations between China and Turkey, but also cannot truly solve the problem of Turkey’s local electric vehicles. The problem of the weak automobile industry.