+5签到成功

获得6个积分已连续签到8

    首页 > 最热资讯> 英文> EU and Turkey fight back in trade dispute with US

    EU and Turkey fight back in trade dispute with US

    JUMORENEWS·2018-06-22 11:16:55

    Turkey introduced new trade tariffs on imports from the United States on Thursday in response to the extra taxes its steel exports now face at the US border.


    Reuters said the tariffs introduced by Ankara are worth $266.5 million and are in retaliation to the US tariffs on steel imports that Economy Minister Nihat Zeybekci described as "ill-advised" and "unsupportable".


    "The total tariff burden today being imposed by Turkey on the US is commensurate with the additional costs Turkey faces due to the tariffs imposed on it by the US," Zeybekci said in a statement.


    The new taxes Turkey is levying will hit imports of US whiskey, vehicles, coal, paper, tobacco, rice and other products.


    European Trade Commissioner Cecilia Malmstrom. [Photo/China Daily]


    "They are proportional, measured and designed to protect Turkey's interests, while encouraging dialogue," Zeybekci said.


    The BBC reported on Thursday that the European Union was also set to bring in a raft of retaliatory tariffs against imports from the US. They are expected to be introduced on Friday.


    The new tariffs are in response to US President Donald Trump's decision in March to impose 25 percent import duties on steel arriving in the United States, and 10 percent on aluminum imports. Nations around the world have criticized Trump's move, saying it is protectionist and risks triggering a global trade war.


    Cecilia Malmstrom, the EU's trade commissioner, said the new EU tariffs will be aimed at imports into the trading bloc of US products, including jeans, motorbikes and whiskey.


    "The unilateral and unjustified decision of the US to impose steel and aluminum tariffs on the EU means that we are left with no other choice," the BBC reported her as saying.


    The EU is expected to also begin taxing imports of US cranberries, orange juice, sweetcorn, peanut butter, and other products.


    Canada has also recently announced retaliatory tariffs on US imports that will be worth $12.5 billion a year. Mexico too has fought back with tariffs worth $3 billion.


    The latest salvos in the brewing trade war follow Trump threatening on Tuesday to impose an additional set of duties on Chinese goods that will be worth another $200 billion.


    These taxes come on top of recently introduced tariffs on Chinese products worth around $50 billion.


    China has described Washington's actions as "blackmail" and vowed to "fight back firmly". Trump, meanwhile, has said his moves are aimed at limiting the amount of relatively cheap steel flowing into the US, something he says is necessary on national security grounds.(Source: China Daily)


    免责声明 DISCLAIMER
    1. 1.聚贸资讯发布此信息(指在聚贸资讯该栏目发布的文章)的目的在于传播更多信息,与本网站立场无关

      JUMORE News releases this information (i.e. the article released in such column of JUMORE Information) solely for the purpose of giving information, and such information does not reflect the view of JUMORE.

    2. 2.聚贸资讯不保证该信息(包括但不限于文字、数据及图表)全部或者部分内容的准确性、真实性、完整性、有效性、及时性、原创性等。

      JUMORE News does not guarantee the accuracy, authenticity, completeness, effectiveness, timeliness, and originality of such information (including, but not limited to texts, data, and graphs) in part or as a whole..

    3. 3.相关信息并未经过本网站证实,不构成交易、投资或合作建议,据此操作,风险自担。

      Relevant information has not been confirmed by this website and does not constitute any advice on transaction, investment or cooperation, users themselves are held responsible for any risk caused by acting on such information.

    4. 4.如有侵权请直接与作者联系或书面发函至本公司转达、处理。

      If there is a copyright violation, please directly contact the author or send a letter to JUMORE in writing, and JUMORE will forward it to the author for further treatment.

    选择感兴趣的领域

    • 纺织

    • 趣闻

    • 一带一路

    • 新能源

    • 进出口

    • 供给侧改革

    • 大宗商品

    • 跨境电商

    • 自贸港

    • 工业4.0

    • 共享经济

    • 人工智能

    • 智能制造

    • 化纤

    • 供应链