Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey
Abstract
The tariffs imposed by the United States on Turkish-origin steel products in 2018 undeniably affected the strategic behavior of steel companies based in Turkey. The objective of this paper is to analyze through semi-structured interviews how the trade strategy of Turkish steel firms is affected by these tariffs. Conventional wisdom commends that corporate response of steel companies against the tariff imposition focused mostly on two main strategies: seeking alternative markets and innovation-based product diversification. Our findings suggest that, a mixture of political and economic reasons lie behind the levies -and this makes the Turkish case interesting in the overall trade wars between the U.S. and a multitude of countries, especially in the emerging-market concept.
Keywords
References
- Alon, I. and Herbert, T.T. (2009). A Stranger in a Strange Land: Micro Political Risk And The Multinational Firm, Business Horizons 52, pp. 127-137.
- Barney, J. (1991). Firm Resources And Sustained Competitive Advantage. Journal of Management, 17, pp. 99–120.
- Becker, S. O. (2013). Endogenous Product Versus Process Innovation and A Firm’s Propensity to Export. Empirical Economics, 44(1), pp. 329-354.
- BBC News, Trade war: US hits China with new wave of tariffs, [online] https://www.bbc.com/news/business-49505781. (Accessed: 10.10.2019).
- BBC News, A quick guide to the US-China trade war. [online] https://www.bbc.com/news/business-45899310. (Accessed: 13.09.2019).
- BBC News, Trump presidency: Trudeau open to renegotiating trade, 10.11.2016 [online] https://www.bbc.com/news/world-us-canada-37932344. (Accessed: 25.10.2019).
- Bhagwati, J. N. (2002). Free Trade Today, Princeton, N.J.: Princeton University Press.
- Boata A., Islam M., Garatti A., Subran L. (2018). Trump’s Protectionism Fake News Or Old News? in Protectionism by Euler Hermes Economic Research.
Details
Primary Language
Turkish
Subjects
-
Journal Section
Research Article
Publication Date
December 30, 2020
Submission Date
August 14, 2020
Acceptance Date
October 30, 2020
Published in Issue
Year 2020 Volume: 13 Number: 2
APA
Gözkaman, A., Ustabaş, A., & Afacan Fındıklı, M. M. (2020). Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey. Beykent Üniversitesi Sosyal Bilimler Dergisi, 13(2), 6-23. https://doi.org/10.18221/bujss.780704
AMA
1.Gözkaman A, Ustabaş A, Afacan Fındıklı MM. Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey. BUJSS. 2020;13(2):6-23. doi:10.18221/bujss.780704
Chicago
Gözkaman, Armağan, Ayfer Ustabaş, and Mine M. Afacan Fındıklı. 2020. “Steel Companies in a Turmoil of ‘Trade Wars’: A View from Turkey”. Beykent Üniversitesi Sosyal Bilimler Dergisi 13 (2): 6-23. https://doi.org/10.18221/bujss.780704.
EndNote
Gözkaman A, Ustabaş A, Afacan Fındıklı MM (December 1, 2020) Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey. Beykent Üniversitesi Sosyal Bilimler Dergisi 13 2 6–23.
IEEE
[1]A. Gözkaman, A. Ustabaş, and M. M. Afacan Fındıklı, “Steel Companies in a Turmoil of ‘Trade Wars’: A View from Turkey”, BUJSS, vol. 13, no. 2, pp. 6–23, Dec. 2020, doi: 10.18221/bujss.780704.
ISNAD
Gözkaman, Armağan - Ustabaş, Ayfer - Afacan Fındıklı, Mine M. “Steel Companies in a Turmoil of ‘Trade Wars’: A View from Turkey”. Beykent Üniversitesi Sosyal Bilimler Dergisi 13/2 (December 1, 2020): 6-23. https://doi.org/10.18221/bujss.780704.
JAMA
1.Gözkaman A, Ustabaş A, Afacan Fındıklı MM. Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey. BUJSS. 2020;13:6–23.
MLA
Gözkaman, Armağan, et al. “Steel Companies in a Turmoil of ‘Trade Wars’: A View from Turkey”. Beykent Üniversitesi Sosyal Bilimler Dergisi, vol. 13, no. 2, Dec. 2020, pp. 6-23, doi:10.18221/bujss.780704.
Vancouver
1.Armağan Gözkaman, Ayfer Ustabaş, Mine M. Afacan Fındıklı. Steel Companies in a Turmoil of “Trade Wars”: A View from Turkey. BUJSS. 2020 Dec. 1;13(2):6-23. doi:10.18221/bujss.780704