The World Trade Organization (WTO) has announced that Turkey has notified the WTO’s Council for Trade in Goods of its intention to take counter-measures against the US tariffs on steel and aluminum imports.
Accordingly, effective from June 21, Turkey may apply additional customs duties ranging between five percent and 40 percent on 22 products imported from the US, including nuts, rice, unmanufactured tobacco, coal, coke, structures and parts of structures of iron or steel, paper and machines and mechanical appliances.
In its notification to the WTO, Turkey stated that it is facing additional US tariffs worth $266.55 million on steel and aluminum products.
Meanwhile, Russia and Japan have also notified the WTO’s Council for Trade in Goods of their intention to impose retaliatory tariffs on certain imports from the US. Russia stated that the US tariffs on steel and aluminum imports would add duties of $537.6 million to its annual steel and aluminum exports, while Japan said that the application by the US of the increased duty of 25 percent on steel imports and 10 percent on aluminum imports from Japan would result in a total of $439.9 million of duty collection by the US.