Turkey imposed anti-dumping duty on imports of hot rolled flat steel from major producers in Russia, China, India and Japan. This situation was reported by the Turkish Ministry of Commerce. TASS.
The measures introduced by the Ministry and published in the Official Gazette are valid for almost all types of hot rolled flat steel.
Additional tariffs will be applied to steel from Magnitogorsk Iron and Steel Works, as well as Novolipetsk Steel LLC (6.1%) and Severstal PJSC (9%).
Turkish authorities in 2024 I decided to introduce An additional customs duty of 40% will be imposed on automobiles imported from China.
As the Resolution states, such a move, designed to encourage domestic production and reduce the trade deficit, could deal a serious blow to the competitiveness of Chinese brands. It is possible that Turkish consumers will increasingly turn to cars produced in other countries.
Previously Nike partially suspended He works in Turkey due to increasing customs duties.
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Source: Gazeta
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