Turkey Imposes Retaliatory Tariffs for Trump's Increase in Steel Tariffs
Turkey will hike tariffs on American cars, tobacco, liquor and more in response to President Donald Trump's decision to double tariffs on Turkish steel and aluminum. Although Trump named both metals, only the 50 percent tariff on Turkish steel has…
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gone into effect (see 1808120001). Turkey published a list of 22 tariff lines that will be subject to higher tariffs, from 4 percent on oil derived from coal to 140 percent on liquors. Cars will face a 120 percent duty; steel structures, tobacco, cosmetics and acetate cellulose film will face a 60 percent duty. The notice was dated Aug. 14, and according to an informal translation, if import declarations are made within 45 days of the publication, the previous duty will apply.