Turkish electronics sector may thrive from trade wars

The Turkish electronics sector has the chance to seize a significant opportunity amid trade wars, as countries facing tariffs are seeking alternative suppliers from markets like T rkiye, a representative told Anadolu Agency.

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Yaman Tunao glu, chairman of the Turkish Electronics Manufacturers' Association (TESID), stated significant changes to global supply chains and market structures seem inevitable with U.S. reciprocal tariffs that President Donald Trump announced earlier this month, ranging from 10 percent to 50 percent on all countries, as well as very high rates on China and Vietnam.

"Negotiations are underway amid the tariff pause but the exemption of the electronics sector from the high tariffs on China shows that the biggest shift in the sector is to come," he said.

Tunao glu emphasized that T rkiye's 10 percent base rate reciprocal tariff from Washington represents opportunities for its electronics industry to help resolve the country's current account deficit.

“T rkiye's exports are 70 percent dependent on imports, while this rate is 25 percent in South Korea, 30 percent in Germany and 50 percent in Taiwan," he said. “The 80 percent domestically-made content of the Turkish defense industry serves as a model to other sectors and the electronics sector draws its strength from the defense industry, which is why it can play a key role.”