Turkiye ends retaliatory tariffs on several US goods initiated in 2018

The list of covered products include cars, fruits, rice, tobacco, alcoholic beverages, solid fuels and chemical products.

Turkiye has announced terminating retaliatory tariffs imposed in 2018 on several US imports in response to US tariffs on steel and aluminium imports enacted during President Donald Trump’s first term.
The decision followed talks with the US and consultations within the WTO framework.
Ankara has, however, not retaliated against the US decision in August to impose a 15-per cent tariff on Turkish imports.

The Presidential decree was published in the country’s official gazette.

“Following positive negotiations with the US and consultations within the framework of WTO [World Trade Organisation] Dispute Settlement Mechanism reports, the additional financial obligations applied to imports of certain US-origin products have been terminated,” domestic media quoted the Turkish Trade Ministry as saying.

President Tayyip Erdogan is scheduled to attend the United Nations General Assembly in New York this week ahead of a meeting at the White House with Trump.

Ankara has, however, not retaliated against the US decision in August to impose a tariff rate of 15 per cent on Turkish imports.

Turkiye will continue to work towards meeting an existing goal of $100 billion in annual two-way trade with the United States, it said. Trade volumes between the two countries stood at roughly $30 billion last year.

Fibre2Fashion News Desk (DS)