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Turkey

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
4.3
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
15.29
16.75
-1.45

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, here's the latest update on tariffs involving Turkey: United States Tariffs on Goods from Turkey: Baseline Tariff: As part of the sweeping "reciprocal tariffs" announced by the Trump administration, a 10% tariff is currently in effect on imports from Turkey. This baseline tariff was implemented on April 5, 2025, and applies to most goods. Steel: Imports of steel from Turkey remain subject to a 50% tariff. This predates the recent blanket tariffs and was implemented under Section 232 of the Trade Expansion Act. Automobiles: A 25% tariff is in effect on non-USMCA compliant vehicles and non-Canadian/Mexican content in USMCA-compliant vehicles. It's likely this applies to vehicles imported from Turkey that do not meet the USMCA rules of origin. Turkey's Response and Position: No Immediate Retaliation: As of the latest reports, Turkey has not announced specific retaliatory tariffs against the United States in response to the recent measures. Optimistic Stance: Turkish President Erdoğan and Finance Minister Şimşek have publicly stated they do not anticipate significant negative impacts on Turkey's trade, production, or exports due to the new U.S. tariffs. They believe Turkey's relatively lower tariff rate compared to some other major economies (like China and the EU) could present opportunities.   Potential Advantages: Some Turkish business figures and economists believe the new global trade environment, with higher tariffs on competitors, could allow Turkey to gain a comparative advantage in certain export sectors and potentially attract manufacturers seeking more favorable trade conditions.   Concerns about Intermediate Goods: There is some concern that Turkey's role as a supplier of intermediate goods to countries facing higher U.S. tariffs (like the EU) could indirectly negatively affect Turkish exports. Key Points to Note: Turkey faces a 10% baseline tariff on most exports to the U.S., but significantly higher tariffs on steel (50%) and potentially automobiles (25%). Unlike some major trading partners, Turkey has not yet announced retaliatory tariffs against the U.S.'s new measures. The Turkish government is publicly optimistic about navigating the new tariff landscape and potentially finding opportunities.   The situation remains fluid, and future trade actions by either country could alter the current tariff environment. It's advisable to monitor official trade announcements from both the U.S. and Turkish governments, as well as reports from trade organizations and economic analysis for the most up-to-date information.

US Negotiation Strategy

Based on the most recent data (January 2025), the top imports to the US from Turkey by value are: Other Precious Metal Products ($129 Million)   Motor vehicles; parts and accessories (8701 to 8705) ($59.8 Million)   Hand-Woven Rugs ($59.7 Million)   It's important to note that broader 2024 data shows different categories leading in imports, such as Machinery, nuclear reactors, boilers, Mineral fuels, oils, distillation products, and Vehicles other than railway, tramway. However, for the very latest snapshot, the January 2025 data provides the most current picture. Here's a breakdown of which states in the US can manufacture similar goods, along with examples of companies: Precious Metal Products: Rhode Island: Has a historical and ongoing presence in jewelry manufacturing, which involves working with precious metals. Companies: Alex and Ani (though facing financial restructuring), Swarovski (US branch). New York: Particularly New York City, has a significant jewelry district with numerous manufacturers. Companies: Tiffany & Co., David Yurman. California: Los Angeles has a notable jewelry manufacturing sector. Companies: Gorjana, Kendra Scott (has manufacturing partners). Motor Vehicles; Parts and Accessories: Michigan: The traditional heart of the US automotive industry, with extensive manufacturing of vehicles and parts. Companies: Ford, General Motors, Stellantis. Numerous automotive suppliers are also located in Michigan.   Ohio: Has a significant automotive manufacturing footprint. Companies: Honda, Toyota (manufacturing plants), numerous parts suppliers.   Indiana: Another key state for automotive manufacturing. Companies: Subaru, Toyota (manufacturing plants), various parts manufacturers like BorgWarner. Tennessee: Growing automotive manufacturing hub. Companies: Nissan, Volkswagen, General Motors (Spring Hill). South Carolina: Major player in automotive manufacturing, particularly for European brands. Companies: BMW, Volvo, Mercedes-Benz Vans. Alabama: Home to several foreign automotive manufacturers. Companies: Hyundai, Mercedes-Benz, Honda. Hand-Woven Rugs (Carpets and other textile floor coverings - broader category from 2024 data):   Georgia: Known as the "Carpet Capital of the World," particularly around Dalton. Companies: Shaw Industries, Mohawk Industries, Interface. North Carolina: Has a significant textile industry, including carpets and rugs. Companies: Engineered Floors, Dixie Group. California: Some specialized textile manufacturers, though not as dominant as Georgia or North Carolina in broad carpets. Companies: Smaller, niche manufacturers of custom or high-end rugs. It's important to note that while these states have the capacity to manufacture similar types of goods, the specific designs, materials, and market segments may differ from Turkish imports. Additionally, the scale of domestic production might not entirely meet the current demand satisfied by imports from Turkey. Global supply chains often involve specialization and cost efficiencies that lead to international trade even when domestic manufacturing capabilities exist.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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