US steel and aluminium tariffs doubled to 50%
The Trump administration has doubled tariffs on steel and aluminum imports from Turkey, making the rates for steel 50% and for aluminum 20%, effective from August 13. This comes after Turkey refused to release American pastor Andrew Brunson, who had been detained for nearly two years on accusations of spying and having connections to political groups, which he has denies. Ankara has said that Turkey would be given no concessions on these trade measures. These tariffs are part of a larger series of events that have shaken the Turkish economy, with the Turkish lira falling to a record low against the dollar in recent weeks. The US government is becoming increasingly frustrated with Turkey, which is a major ally and a member of the North Atlantic Treaty Organization (NATO), as Turkey continues to decline to release Brunson and comes no closer to buying the Russian S-400 missile defense system. No signs point to these tensions easing anytime soon.
Meta Description
Trump administration increases tariffs on steel and aluminum imports from Turkey, amidst ongoing trade tensions and Turkey's refusal to release American Pastor Andrew Brunson. Will this impact other nations and global trade? Read the full story for more.
