Economy
U.s. Tariffs on Turkish Textiles Open Door for Asian Rivals

New U.S. tariffs on Turkish textiles, effective July 24, raise costs for Turkish producers while Asian rivals stand to gain, according to industry representatives and analysts.
The additional tariff decision announced by the U.S. administration has increased the tax burden on Turkish textile products. The impact is not limited to bilateral trade figures between Turkey and the U.S., as global brands reassess alternative production centers in their supply chains, potentially shifting orders from Turkish manufacturers to Asian competitors. Analysts say the tariff increase creates a new opportunity for textile companies based in Vietnam and Bangladesh.
Following the developments, shares of major Asian textile producers have drawn investor attention. Despite the new tariff decision, the U.S. remains strategically important for Turkey's textile and ready-to-wear sector. The U.S. is Turkey's sixth-largest market in ready-to-wear, with an export volume of approximately $900 million, and sales to the U.S. rose 1.7% in 2025 despite contraction in the European market. In textiles and raw materials, Turkey is the eighth-largest supplier to the U.S., with exports of about $893 million.
Source: Sözcü RSS
Most read in this category
Loading article…