“To further reduce imports of steel articles and increase domestic capacity utilization, I have determined that it is necessary and appropriate to impose a 50 percent ad valorem tariff on steel articles imported from Turkey, beginning on August 13, 2018,” Trump said in a proclamation released by the White House.<\/p>\n
Commerce Secretary Wilbur Ross said in a statement that Trump increased the tariff rate from 25 percent to 50 percent on imports of Turkish steel.<\/p>\n
“Doubling the tariff on imports of steel from Turkey will further reduce these imports that the Department found threaten to impair national security as defined in Section 232,” he added.<\/p>\n
Trump said earlier on Twitter that he authorized the doubling of tariffs, noting that “aluminum will now be 20% and steel 50%. Our relations with Turkey are not good at this time!”<\/p>\n
The White House and Commerce Department’s statements did not mention the tariffs on aluminum.<\/p>\n
Turkey\u2019s steel exports were valued at $11.5 billion last year, accounting for 7.3 percent of its total exports worth $157 billion, according to the Turkish Steel Exporters\u2019 Association.<\/p>\n
The U.S. was the top destination for Turkish steel exports in 2017, which were worth $1.1 billion.<\/p>\n
Turkey came in sixth place among the countries the U.S. imported steel from last year, while Turkish steel’s share was 7 percent of total U.S. steel imports.<\/p>\nError, group does not exist! Check your syntax! (ID: 10)<\/span>\n","protected":false},"excerpt":{"rendered":" The U.S.’ additional tariffs on steel imports from Turkey will take effect on Aug. 13, the White House and Department of Commerce announced Friday.<\/p>\n","protected":false},"author":3,"featured_media":61502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,68,51,118,101,174,184,194,188,14],"tags":[78057,77647,1388],"class_list":["post-61501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-economy","category-hot","category-politics","category-turkey-daily","category-turkey-economy","category-turkey-general","category-turkey-politics","category-world","tag-steel-tariffs","tag-trump","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=61501"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media\/61502"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=61501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=61501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=61501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}