Trump tweets tariffs on Turkish steel imports will double

Friday, 10 August 2018 21:54:16 (GMT+3)   |   Istanbul

The US President Donald Trump tweeted that he has just authorized to double tariffs on Turkish steel imports.

His tweet reads: “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong dollar! Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at this time!”

In March this year, the US imposed 10 percent tariff on aluminum imports and 25 percent tariff on steel imports, under Section 232 citing national security reasons.

According to news reports, the announcement comes after a diplomatic impasse over the release of a detained American pastor in Turkey. In a statement, the deputy White House press secretary said, "Section 232 tariffs are imposed on imports from particular countries whose exports threaten to impair national security as defined in Section 232, independent of negotiations on trade or any other matter."

As of press time, the US Department of Commerce has not responded to media requests to confirm the higher tariffs.

 


Similar articles

US April scrap prices seen soft sideways to $20-40/gt less as supplies are reported to be growing

27 Mar | Scrap & Raw Materials

Additional tariffs on Turkish steel imports to US come into force

13 Aug | Steel News

US continues AD and CVD orders on PC strand from six countries

10 Jun | Steel News

Turkey’s billet market sees slow trade and mostly stable prices

10 Jun | Longs and Billet

Pakistan’s import scrap prices soften amid buyers’ resistance ahead of budget

10 Jun | Scrap & Raw Materials

S. Arabian longs market sees mixed trends amid higher costs, softer retail prices

10 Jun | Longs and Billet

Indian billet exporters take a break from active sales

10 Jun | Longs and Billet

Daily iron ore prices CFR China - June 10, 2026

10 Jun | Scrap & Raw Materials

Ex-China billet prices stable amid limited trading, sentiment fails to improve

10 Jun | Longs and Billet

Timeline for S. Arabia’s NEOM project extended beyond 2030 amid revisions, budget pressures

10 Jun | Steel News