US reduces steel tariffs on Turkey to 25 percent
Published: 17 May 2019
The White house has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17.
In August 2018, the US imposed an additional 25 percent duty only on Turkish steel imports after announcing Section 232 steel tariffs of 25 percent in March of the same year.
On the other hand, the US has terminated the Generalized System of Preferences (GSP) program for Turkey based on its level of economic development.
Posted in Latest Updates
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