Ready for retaliatory tariffs on US imports: Turkey


Ankara, Jun 6 (IANS): Turkish Foreign Minister Mevlut Cavusoglu said that Ankara was ready to impose retaliatory tariffs on US imports from June 21, after Washington's steel and aluminium tariffs.

A total of $266.5 million in additional duties will be charged on 22 items of US imports, including coal, paper, walnuts, almonds, tobacco, unprocessed rice, whiskey, automobiles, cosmetics, machinery, equipment and petrochemical products, Xinhua news agency reported on Wednesday.

The highest additional customs duties will be imposed on whiskey and automobiles at 40 per cent and 35 per cent respectively, said the report on Tuesday.

In March, US President Donald Trump announced imposition of a 25 per cent tariff on imported steel and a 10 per cent tariff on imported aluminium, prompting general criticism from many countries and causing turmoil in the global stock market.

Turkish Economy Minister Nihat Zeybekci warned earlier that his country could take retaliatory measures. Zeybekci also said that Turkey and the EU decided to move together at the World Trade Organisation platform against the US.

Turkey is the world's eighth-largest steel producer and the sixth largest steel exporter to the US after Canada, Brazil, South Korea, Mexico and Russia.

  

Top Stories


Leave a Comment

Title: Ready for retaliatory tariffs on US imports: Turkey



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.