Turkey: Imposition of 10% US duties favors Turkish exports

The main duty of 10% imposed by the president of the USADonald Trump in Turkey It could favor exporters of the country, Turkish Vice President Gevdet Yilmaz said today (5.4.2025) on television CNN Turk.

At the same time, Donald Trump announced higher duties for imported goods from 57 largest US trading partners, including China, the European Union, Vietnam and Japan. These duties are expected to begin to apply from next week.

The decision to impose high duties in Turkey “seems to be our advantage for the time being on our access to the US market,” Yilmaz told CNN Turk.

“Duties have already been imposed on iron, steel and aluminum for Turkish exports to the US market. When the US imposed similar duties on others, there was a balance at this point in favor of us, “he added.

Source: RES – EIA