Ankara, June 21 : Turkey on Thursday became the latest country to hit back at the US for its tariffs on steel and aluminium.
Turkey's Ministry of Economy said that it was imposing tariffs worth $267 million on US goods, targeting items like coal, paper, walnuts, tobacco, rice, whiskey and cars after negotiations with Washington failed to yield meaningful progress, CNN reported.
"Turkey is committed to active, robust and reciprocal trade relations with the US -- but with the understanding that fairness cannot be one-sided," Economy Minister Nihat Zeybekci said in a statement. "We cannot and will not allow Turkey to be wrongly blamed for America's economic challenges."
The US enacted 25 per cent tariffs on imported steel and 10 per cent tariffs on imported aluminium in March. Exemptions were initially given to the EU, Canada and Mexico, but the Trump administration let them lapse at the beginning of the month.
Turkey didn't receive an exemption.
Later, the EU, Canada and Mexico announced retaliatory tariffs against the US. China imposed tariffs on $3 billion of US products in early April in response to the steel and aluminium measures.
Turkey is the world's eighth largest steel exporter, according to a report prepared in March by the Department of Commerce. The US was Turkey's top market for steel in 2017.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Mumbai, Nov 24: There is unrest in the Maha Vikas Aghadi camp and its five to six MLAs might join the ruling Mahayuti in the next few months, claimed NCP chief whip Anil Patil, who has retained his Amalner assembly seat, on Sunday.
The MVA of Congress, NCP (SP) and Shiv Sena (UBT) suffered a crushing blow in the Maharashtra assembly polls, winning only 46 of the state's 288 seats. By contrast, the BJP-led ruling coalition, which also has NCP and Shiv Sena as partners, bagged an impressive 230 seats.
“There is tremendous unrest among some NCP (SP), Congress and Sena (UBT) MLAs who have been re-elected. Those having good relations with us have expressed concerns over MVA’s massive defeat,” Patil told Marathi news channel ABP Majha.
If one wants development works in his constituency, it is good to be in power, said the legislator from Ajit Pawar’s party.
“The MVA MLAs feel their future is uncertain. It shouldn’t be a surprise if five to six MLAs cross over to the Mahayuti in the next four months,” he said.
In the results of the Maharashtra polls declared on Saturday, BJP won in 132 constituencies, while its partners Shiv Sena and NCP walked away with 57 and 41 seats, respectively.
From the MVA camp, Shiv Sena (UBT) bagged 20 seats followed by Congress’ 16 and 10 by NCP (SP).