New US duties to hit Turkish vehicle parts exports
Rareș Mustață
ISTANBUL U.S. President Donald Trump 's 25 percent tariffs on imported cars and vehicle parts will impact exports from Turkish vehicle parts companies, according to a representative of the industry. Due to the additional duties, which are due to take effect later this week, Türkiye’s approximately $1 billion worth of automotive parts exports to the U.S. are expected to decline. It is likely that, say experts, many local suppliers exporting not only to the U.S. but also to Europe will also be
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