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Trump Trade War - US resuces tariffs on Turkish steel imports to 25%

Steel News - Published on Fri, 17 May 2019

Image Source: SteelGuru
White House said that US administration has cut special tariffs on steel imports from Turkey to 25%, after having raised the duty to 50% in August 2018. The White House said “It is appropriate to terminate Turkey’s eligibility to participate in the Generalized System of Preferences program, based on its level of economic development. Maintaining the existing 25% tariff on most countries is necessary and appropriate at this time to address the threatened impairment of the national security. The decision is effective May 17.”

President Trump subsequently raised the duty on Turkish steel to 50% in August as his administration quarreled with Turkey’s President Recep Tayyip Erdogan over the country’s detention of an American evangelical pastor.

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Posted By : Sanju Moirangthem on Fri, 17 May 2019
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