Trade Cases

Turkey Latest to Retaliate to U.S. Tariffs

Written by Sandy Williams


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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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.