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Türkiye plans to impose 40% tariff on imported cars from China. The share prices of many auto stocks fell!

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[Türkiye plans to impose 40% tariff on Chinese imported cars. The share prices of many auto shares fell! Chinese auto companies may rely more on the Southeast Asian market] According to the Türkiye Official Gazette, the country decided to impose 40% additional tariff on cars imported from China. The minimum additional tariff for each car is 7000 dollars (about 50000 yuan), and the decision came into effect on July 7.
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