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FinancialNews
23-05-19
Turkey reduces duties imposed on 22 U.S products
(MENAFN) Turkey made the decision to decrease by half the additional duties imposed on 22 goods originating in the U.S. in a reciprocal move, the trade minister emphasized on Wednesday.
The decision came as the U.S. proclaimed a decision of decreasing tariffs on Turkish iron and steel imports last week to 25 percent instead of 50 percent.
Ruhsar Pekcan tweeted on Twitter, "With this decision, duties levied on the US originating aforementioned products will be reduced from $521.2 million to USD260.6 million".
Rice, alcoholic beverages, cosmetic products, and some motor vehicles are among the products which are included in the Turkish decision.
MENAFN2305201900450000ID1098559511
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