Turkey, Economy

Turkey cuts duties on some US goods by half

Decision comes after US lowered tariffs on Turkish iron, steel imports to 25% from 50% last week

Tuba Şahin   | 22.05.2019
Turkey cuts duties on some US goods by half

ANKARA

Turkey decided to reduce by half the additional duties levied on 22 products originating in the U.S. in a reciprocal move, the trade minister said on Wednesday.

The move came after the U.S. government announced that it decreased tariffs on Turkish iron and steel imports to 25% from 50% last week.

"With this decision, duties levied on the US originating aforementioned products will be reduced from $521.2 million to $260.6 million," Ruhsar Pekcan said on Twitter.

The list of products includes rice, alcoholic beverages, cosmetic products, and some motor vehicles.

Turkey keeps working on eradicating all obstacles to bilateral trade and achieving bilateral trade volume target, she added.

In February, Turkish President Recep Tayyip Erdogan and U.S. President Donald Trump set a goal of $75 billion in bilateral trade.

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