CARM: What all importers need to know about CARM

Stay informed on the latest trade war developement.

Trade war between the U.S. and Turkey heats up

The United States has doubled its tariffs on steel and aluminum made in Turkey after that country refused to release a detained American pastor. The pastor, who has lived in Turkey for two decades, was arrested in 2016 for being a “terrorist” and participating in the failed coup against President Recep Tayyip Erdogan.

U.S. President Donald Trump said he authorized the new duties, 20% for aluminum and 50% for steel, to punish Turkey for refusing to release the pastor. Turkey has responded with increased tariffs on U.S. products (120% on American cars, 140% on alcoholic drinks, and 60% on leaf tobacco). Tariffs on rice, cosmetics and coal will also be doubled.

The U.S. was the fourth largest source of imports to Turkey last year, accounting for $12 billion of imports, while Turkey’s exports to the United States last year amounted to $8.7 billion, making it Turkey’s fifth-largest export market.

For more information please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.

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