Turkey has good reasons to expect US economic sanctions, over and beyond tariffs on steel and aluminium. The emerging trade war matters; in 2017, the US market was worth $11,9bn to Turkish exporters.
Given the political risk, the Turkish-American Business Association is leading in the development of an industrial zone in the US, reaping the “Made in the USA” political benefits. The main rationale is that tariffs on semi-finished goods are always lower than for finished products.
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