Trade Cases
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Turkey Latest to Retaliate to U.S. Tariffs
Written by Sandy Williams
June 22, 2018
Turkey imposed retaliatory tariffs Thursday on $1.8 billion of U.S. goods in response to Section 232 tariffs on steel and aluminum.
“Turkey is committed to active, robust and reciprocal trade relations with the US — but with the understanding that fairness cannot be one-sided,” Economy Minister Nihat Zeybekci said in a statement. “We cannot and will not allow Turkey to be wrongly blamed for America’s economic challenges.”
The measures, as submitted to the World Trade Organization on May 22, include rice, make-up, liquor, cars and coal.
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Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
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Price: Should billions in Section 232 revenue go to foreign manufacturers or to the American people?
Do we want the benefits of the Section 232 tariffs to flow to the bottom lines of foreign steel and aluminum producers or to the US government and, ultimately, domestic manufacturers and their workers? In our view, the answer is simple. Section 232 exceptions do nothing more than lead to underserved profits for foreign manufacturers who are harming the US industrial base. That revenue could be used to pursue the Trump administration’s other policy priorities - such as deficit reduction or expanded tax cuts.
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Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
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European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
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Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.
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Section 232 tariffs are headed downstream
The Trump administration has revealed the list of derivative steel products being added to the Section 232 tariff list.