Ford, Meritor May Face Supply Chain Risks from Further Turkish Sanctions

Cons. Discr. - Autos 883 Sanctions 106 Turkey 48 U.S. 4297

President Trump has vowed to “swiftly destroy” the Turkish economy if the government doesn’t pull back from military action in Syria, with Vice President Pence due to visit the region soon. The initial round of sanctions included section 232 duty increases for steel imports from Turkey. Subsequent rounds could include the automotive sector. A decision by President Trump on similar section 232 duties in the autos sector are due in November and where imports from Turkey represented $1.09 billion, or 10.3% of the total. That compares to to steel imports of just $401 million. The largest U.S...

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