The customs tariff wars initiated by U.S. President Donald Trump have created significant uncertainty in global trade. The economic conflict, particularly aimed at China, has had widespread impacts on various countries and sectors. However, Turkey may benefit from this situation. The 90-day delay in implementing tariffs (excluding China) offers Turkey a window of opportunity to prepare and strategically position itself.
General Overview:
- The U.S. imposed additional import tariffs ranging from 10% to 50%.
- China faces tariffs as high as 125%.
- China responded with equivalent retaliatory tariffs on U.S. goods.
- Tariffs on countries other than China were postponed for 90 days, giving Turkey time to prepare and potentially stand out positively.
Sectors in Turkey Poised to Benefit:
1. Steel and Metal Industry
- The U.S. imposed higher tariffs on major exporters like China and the EU, but only 10% on Turkey.
- Turkey could become an alternative supplier to the U.S., replacing China and the EU in some markets.
- Turkey’s integration with the European supply chain could ease adaptation to shifting trade routes.
- The country is seen as having the potential to attract new investments and orders.
2. Automotive and Auto Parts
- The U.S. imposed an additional 25% tariff on imported vehicles.
- Countries like Germany, Japan, and South Korea may suffer from this.
- Turkey’s strong auto parts industry could help fill the gap, particularly in supplying EU-made vehicles’ components to the U.S.
- With high tariffs on electric vehicles from China, Turkey could emerge as a new production and supply hub.
3. Textiles and Ready-to-Wear Apparel
- Asian exporters such as Vietnam (46%) and Cambodia (49%) were hit with high tariffs.
- Turkey stands out with its quality manufacturing and fast delivery capacity.
- Being in the 10% tariff bracket, Turkish products gain a price advantage in the U.S. market.
- This could shift American retailers’ orders toward Turkey.
4. Machinery, Electronics, and Electrical Appliances
- Heavy tariffs on countries like China and Vietnam are forcing global companies to reconsider supply chains.
- Turkey’s capacity in industrial machinery and electronics makes it an attractive alternative production base for multinationals.
5. Energy and Petrochemical Byproducts
- The U.S. imposed indirect tariffs on countries importing energy from Venezuela.
- This opens the door for countries like Turkey to become alternative energy suppliers.
- Turkey could increase exports of petrochemical byproducts.
6. Furniture and Home Textiles
- High tariffs on producers like Vietnam and Cambodia may lead to a shift in U.S. import routes.
- Turkey’s strong production quality in this field could allow it to attract new orders.
Expert Opinions:
- Assoc. Prof. Dr. Ayfer Genç Yılmaz: Turkey being among the few countries subject to lower tariffs is a significant advantage. However, a careful strategy is essential. Although trade with the U.S. is not a major part of Turkey’s economy, this presents a chance to diversify exports and attract investment.
- Prof. Dr. Erhan Aslanoğlu: Labor-intensive sectors like textiles and apparel are expected to benefit. Turkey’s production capacity, logistics advantage, and regional location strengthen its position during this period.
Conclusion:
While the global “trade war” presents major challenges for many countries, it offers important opportunities for Turkey. With the right strategies and swift action, especially in industries where Turkey already has production strength (steel, automotive, textiles, machinery), the country can boost exports and attract foreign investment. Realizing this potential depends on quick decision-making, market targeting, and efficient use of production capacity.
