Turkey confirms reciprocal tariffs cut on U.S. goods - WTO filing


GENEVA, May 24 (Reuters) - Turkey has told the World Trade Organization that it is cutting tariffs on certain U.S. goods after the United States halved its tariff on Turkish steel to 25%, a Turkish filing published by the WTO showed on Friday.

The White House last week terminated Turkey's eligibility for the Generalized System of Preferences (GTS) programme, in a move Turkey said contradicted trade goals, but also halved some of the tariffs it had raised last August amid a diplomatic row between the NATO allies.

Turkish sources told Reuters earlier this week that Turkey would cut its own tariffs in return.

(Reporting by Tom Miles, Editing by William Maclean)

((tom.miles@thomsonreuters.com; +41 58 306 2006; Reuters Messaging: tom.miles.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.