Turkish steelmakers condemn Trump tariff statement, vow response

Posted on 16 October 2019
 

Source: Kallanish

The Turkish Steel Producers’ Association (TCUD) tells Kallanish it condemns US President Donald Trump’s latest threat to double Section 232 tariffs on Turkish steel back to 50%, and is calling for retaliatory measures. Trump said he would do so in response to Turkey’s military actions in Syria.

TCUD general secretary Dr. Veysel Yayan says: “It is clear that by employing these new practices, which do not have an acceptable trade understanding in terms of Turkish steel exports, the US is not fulfilling the obligations of the WTO. These decisions should be based on economic reasons, not politics. We condemn this statement. WTO members should be supporting free and fair trade. But both EU and US practices are no longer targeting free and fair trade. Therefore, we need to take appropriate measures here in Turkey immediately.”

“We will apply to the Ministry of Commerce to take immediate action to balance Turkish steel consumption with local production,” Yayan continues. “These may include restricted imports, duties, appropriate measures to protect our own producers. Otherwise, some producers who have decreased their production to a single shift may no longer continue their operations.”

    



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