Turkey significantly increases tariffs on US products, and cars increase by 120%-Exportimes

Turkey significantly increases tariffs on US products, and cars increase by 120%

Date : 2018-08-16 | From : Original
The Associated Press reported on August 15 that the Turkish side issued a notice saying that it will increase tariffs on some imported goods from the United States, including passenger cars, alcohol, and tobacco.
 
On Wednesday, Turkey announced in the official gazette that it would impose additional tariffs on imported products including rice, cars, alcohol, coal and cosmetics.
 
Reuters reported on the 15th that the decree signed by Erdogan showed that Turkey increased the tariff on passenger cars imported from the United States by 120%, the tariff on alcoholic beverages by 140%, and tobacco by 60%. Tariffs on commodities such as cosmetics, rice and coal have also increased.
 
Earlier, Turkish President Erdogan had just announced a boycott of US electronics.
 
Recently, a diplomatic conflict broke out between the United States and Turkey due to the arrest of American pastor Brunson. US President Trump announced on Twitter that he decided to double the tax on steel and aluminum in Turkey, which caused the Turkish lira to plummet.
 
Turkish President Erdogan said that the lira plunging was a "political conspiracy" against Turkey, with the aim of surrendering Turkey in all areas from finance to politics. Erdogan said that Turkey will launch a counterattack to find "new markets and allies."
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