US cuts steel imports tariffs from Turkey after release of US pastorChristian Fernsby ▼ |
The US has cut tariffs on steel imports from NATO ally Turkey, reversing a decision last year to double them amid a diplomatic spat between the two.
Turkey was hit harder than most other US trade partners with a special duty of 50% on its steel in 2018. This will now be reduced to 25% from May 21, according to an announcement from the US president published on Thursday.
The diplomatic crisis between Washington and Ankara last summer over Turkey's detention of US pastor Andrew Brunson had sent the Turkish lira to record lows versus the dollar.
Brunson, who was on trial on espionage and terrorism-related charges, was released in October.
The NATO allies have since been at odds over the war in Syria and Turkey's decision to buy the Russian S400 air defence system.
Trump is expected to make a statement on possible tariffs on car imports, including from the EU, on Friday or Saturday. ■
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