Turkey cuts duties on some U.S. goods by half

Turkey cuts duties on some U.S. goods by half

Turkey reduced by half the additional duties levied on 22 products originating in the U.S. in a reciprocal move, Turkish trade minister Ruhsar Pekcan said.

The move came after the U.S. government announced that it decreased tariffs on Turkish iron and steel imports to 25% from 50% on May 17.

"With this decision, duties levied on the US originating aforementioned products will be reduced from $521.2 million to $260.6 million," Pekcan wrote on Twitter.

The list of products includes rice, alcoholic beverages, cosmetic products, and some motor vehicles, Anadolu Agency reported.

The minister added that Turkey keeps working on eradicating all obstacles to bilateral trade and achieving bilateral trade volume target.

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