Turkey has increased tariffs on some US imports, including cars, alcohol, and tobacco, as the diplomatic row between Ankara and Washington escalates.
The latest moves follow President Recep Tayyip Erdogan’s announcement that Turkey will boycott American electronic goods. The tension between the NATO allies has been cranked up over Turkey’s detention of a pastor, with the fallout sending the lira tumbling to record lows against the dollar.
A decree published in Turkey’s Official Gazette and signed by the president raises tariffs on passenger cars to 120 percent, on alcoholic drinks to 140 percent, and on leaf tobacco to 60 percent. Tariffs have also been increased on goods such as cosmetics, rice and coal.
Vice President Fuat Oktay wrote on Twitter that the increase in duties were in response to “deliberate attacks on our economy” by the US administration.
Read more at http://www.euronews.com/2018/08/15/
