US cuts tariffs on Turkish Steel imports by half


WASHINGTON (Scrap Register): The Trump administration has lowered special tariffs on steel imports from Turkey to 25%, the White House said on Thursday, after having raised the duty to 50% last year.

Under the higher tariff, steel imports reportedly declined by 12 percent and have declined from Turkey by 48 percent.

President Trump had raised the duty on Turkish steel to 50% in August amid heightened diplomatic tensions with Ankara.

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