Turkey plans to impose tariffs on all cars imported from China, with duties of 40% or at least $7,000 per vehicle. The move has raised concerns about driving up prices further in an already volatile market.
The head of Turkey's Motor Vehicle Dealers Federation mentions that introducing tariffs on Chinese vehicles disrupts the free market. He fears that European car manufacturers might raise their prices in response, making all vehicles more expensive.
New car prices in Turkey are also expected to rise due to new EU regulations on mandatory driver assistance systems starting in July. Combined with Chinese car tariffs, this could lead to a significant 45% increase in car prices.
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