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Trump's Tariffs Threaten $1.2B Turkish Auto Exports

2/23/2025

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Story summary
  • President Trump's proposed tariffs on auto imports could harm Turkish auto exports, valued at $1.2 billion in 2024.
  • The U.S. ranks as Türkiye’s ninth-largest automotive export market, focusing on auto parts and vehicles.
  • Initial tariffs will likely target passenger cars and commercial vehicles, impacting the wider automotive sector.
  • Despite global trade tensions, Türkiye's automotive exports are projected to surpass $37 billion in 2024.