Turkey’s Ministry of Trade will keep defending its steel industry

Monday, 13 August 2018 11:28:39 (GMT+3)   |   Istanbul

In response to President Trump’s tweet about doubling the tariffs on aluminum and steel import from Turkey, Turkey’s Ministry of Trade said that the tariffs imposed by the US on Turkish aluminum and steel imports and the additional tariffs announced lately are against the World Trade Organization rules.

The ministry said that Turkey’s aluminum and steel exports to the US were $1.1 billion in 2017, accounting for 0.7 percent of total exports worth $157 billion in the same year. Aluminum and steel imports from the US in 2017 were $1.3 billion.

The Turkish Trade Ministry has said Turkey would keep defending domestic steel and aluminum exporters on any international platform, especially WTO, adding that the US will continue to be an important trade partner as it has been so far.

DemetKazdal
Demet Kazdal
Editor

After graduating from Boğaziçi University with a degree in English Language and Literature, I have spent the past 15 years developing deep expertise in the steel industry. At SteelOrbis, I serve as Head of Content Department. I write and edit comprehensive news and reports on steel markets, with a primary focus on the Turkish market as well as global market dynamics.


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