Trade Cases
May 19, 2019
Trump Trims Turkey Tariffs Back to 25 Percent
Written by Tim Triplett
The Trump administration has cut the U.S. tariffs on steel imports from Turkey in half, trimming them from 50 percent back to 25 percent where they were originally set last August.
In a statement on Friday, the White House noted that imports of steel into the U.S. declined by 12 percent overall last year, and were down 48 percent from Turkey. “Given these improvements, I have determined that it is necessary and appropriate to remove the higher tariff on steel imports from Turkey,” the president said, instead imposing a 25 percent rate “commensurate with the tariff imposed on such articles imported from most countries.” The new, lower rate is to take effect at 12:01 a.m. ET on May 21.
