The United States has lowered its tariffs on steel imports from Turkey to 25%, from the previous 50%, effective Friday May 17.
The move reverses a decision by US President Donald Trump in August last year to impose higher tariffs on US imports of Turkish aluminium and steel amid an escalation in tensions between the two countries.Turkey exported 6 tonnes of hot-rolled coil under HS code 7208 to the US in January-March 2019, according to...