Turkey halves tariffs on US imports reciprocally
Ankara, May 22 (Xinhua/UNI) Turkey decided to halve the additional duties on US imports in a reciprocal move, the trade minister said Wednesday.
Duties levied on 22 products originating in the US will be reduced from 521.2 million US dollars to 260.6 million US dollars, Ruhsar Pekcan said on Twitter.
According to the decree published in the official gazette, the list of US products includes rice, alcoholic beverages, tobacco, cosmetic products, and some motor vehicles.
The decision came after Washington's announcement to decrease tariffs on Turkish iron and steel imports to 25 percent from 50 percent last week.
The United States had doubled tariffs on Turkish steel and aluminum imports last August amid a diplomatic row between the NATO allies.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
