Tag: Steel Tariff
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U.S. Doubles Tariffs on Turkish Steel Imports, How will it Impact Turkey’s Steel and Scrap Market?
According to the latest updates, U.S. government has doubled the tariffs from 25% to 50% on steel imports from Turkey with effect from tomorrow i.e. 13 Aug’18. The key reason cited by the White House for increasing its tariffs is the continuous devaluation of Turkish currency Lira over past few months which made exports from…