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| Turkey to limit foreign steel imports in response to US metal tariffs | Turkey to limit foreign steel imports in response to US metal tariffs |
| (35 minutes later) | |
| Turkey has told the World Trade Organization it plans to impose steel import quotas from October 17 to protect the domestic steel industry. | Turkey has told the World Trade Organization it plans to impose steel import quotas from October 17 to protect the domestic steel industry. |
| Earlier this year, the United States doubled the previously-imposed import tariffs on Turkish aluminum and steel to 20 percent and 50 percent, respectively. | Earlier this year, the United States doubled the previously-imposed import tariffs on Turkish aluminum and steel to 20 percent and 50 percent, respectively. |
| A trade dispute between Ankara and Washington has been deepening since March, when US President Donald Trump initially introduced the 10 and 25 percent duties on imports of aluminum and steel, respectively, from America’s trade partners, including Turkey. Ankara has called the tariffs unacceptable and pledged to take retaliatory measures. | |
| READ MORE: Trump doubles steel & aluminum tariffs on Turkey | |
| The Turkish Trade Ministry said US extra tariffs were against the WTO rules. | |
| In a filing published by WTO, Ankara said “These protective policies have been unforeseen developments directly affecting the amount of imports of the product concerned into Turkey.” | |
| It has explained: “Turkey has been an attractive market for these steel products that are subject to [an] increasing number of protective measures. Therefore, the measures that have been begun to be applied worldwide … have triggered an increase of imports of the products concerned into Turkey.” | |
| DETAILS TO FOLLOW | DETAILS TO FOLLOW |