Turkey doubles tariffs on US cosmetics imports in retaliation for Washington’s ‘deliberate attacks’ on the Turkish economy

Turkey doubles tariffs on US cosmetics imports in retaliation for Washington’s ‘deliberate attacks’ on the Turkish economy

Turkey has announced it is to double the taxes on US cosmetics imports in retaliation for the ‘deliberate attacks’ made to the Turkish economy by Washington, a continued escalation of a row with US President Donald Trump.

Fuat Oktay, Turkey’s Vice-President, announced the decision on Twitter with the measures being published in the country’s official gazette.

The row has evolved following the detention of US evangelical priest Andrew Brunson who was detained in Turkey in 2016. The US has constantly called for Brunson’s release and has, in turn, this month imposed sanctions on two Turkish ministers in an attempt to force Turkey to send Brunson home.

Trump has also doubled tariffs on imported Turkish aluminium and steel, a move which is said to have infuriated Turkish President Recep Tayyip Erdogan, who has responded with the new measures as the Lira continues to feel the pressure with the currency having lost more than 40 percent of its value against the dollar this year.

Erdogan has stated he will not bow down to Trump’s demands, while a court in Izmir has rejected Brunson’s appeal against his house arrest, with an appeal now to be taken to a higher court said his lawyers.

1 Comment

  1. NEIL FARMER ASSOCIATES

    Economically there will ultimately only be one winner in this fall out between the
    two countries and that will be the USA. However short term it could have a negative
    effect on the earnings of US cosmetic companies exporting to Turkey but this could
    be marginal.

    Reply

Leave a reply

Your email address will not be published. Required fields are marked *