Turkey announced a new tariff on Chinese vehicle exports Saturday, joining a growing number of developing nations seeking to shield local industries from perceived Chinese overcapacity.The 40 percent tariff would target traditional and hybrid vehicles from China to 'increase and protect the decreasing share of domestic production,' the Turkish Trade Ministry said.
'The European Commission, the European Union's executive branch, is expected to announce tariffs on Chinese electric vehicles this week after a monthslong investigation.The move could usher in a new round of trade tensions with China, which last month announced it was launching its own anti-dumping investigations into industrial plastics from the E.U., U.S., Japan, and Taiwan.E.U.
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