07.04.2025 17:10
Although the U.S. decision on additional customs duties has caused a collapse in all financial markets, it seems to have the greatest impact on the automotive sector. In an interview with Abdurrahman Yazıcı on Haberler.com, Associate Professor Dr. Mehmet Onur Genç emphasized the significant opportunities that lie ahead for Turkey in the automotive industry.
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Global economic history is experiencing developments. After the US's decision to impose an additional 25% tax on imported products, the money markets have almost collapsed while competition in the automotive sector has intensified even more.
Dr. Mehmet Onur Genç, an Associate Professor at Bursa Technical University, was a guest of Abdurrahman Yazıcı on Haberler.com. Genç, who drew attention to the global changes in the automotive sector, emphasized that China holds a significant share in the automotive industry. He also stated that competition between Europe and the US has increased, expressing that Turkey could play an important role in this process.
Dr. Mehmet Onur Genç said, "The unexpected conflict environment between Europe and the US may lead to China shifting its supply chains to countries like Turkey. Sales taxes to Europe are increasing by 25%, along with other data, causing very high financial losses. The competition in the automotive sector between Europe and the US continues to increase. Turkey, Europe, and China can cooperate technically against the US. The US wants more investors to be in its own country. It aims to attract electric vehicles and battery technologies to its own country. The balances will change, but they will settle down after a while."
You can watch the full video from this link
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