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Trump cuts steel tariffs on Turkey by half



President Trump Trump pardons media tycoon, former GOP Leader of California State Assembly MORE announced Thursday that he

Trump doubled tariffs on steel from Turkey August, but is now cutting those rates by half, Trump said in a White House proclamation.

Under the higher tariff, steel imports declined by 12 percent and have been declined from Turkey by 48 percent, Trump said in the proclamation.

"This target level, is maintained for an appropriate period, wants to improve the financial viability of the domestic steel industry over the long term," Trump said.

U.S. Pat. and Turkey had been locked in a trade was in August 201

8, each slapping retaliatory tariffs on the other and putting intense strain on the two countries' relationship.

The Turkish lira dropped 11 percent against the U.S. Dollar after Trump announced Turkish President Recep Tayyip Erdoğan was warned of a global economic war against Turkey.

Trump announced in August that he would double tariffs on imports of steel and aluminum from Turkey releases US pastor Andrew Brunson, who was arrested in 2016.

Ankara retaliates soon after, moving to impose a 50 percent tax on U. S. rice, 140 percent on spirits, 60 percent on tobacco, and 120 percent on cars during a period on a variety of other goods.


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