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15 August, 2018 10:58:27 AM / LAST MODIFIED: 16 August, 2018 09:31:54 AM

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Turkey increases tariffs on certain US imports

Independent Online Desk
Turkey increases tariffs on certain US imports
People line up at a currency exchange shop in Istanbul, Tuesday, Aug. 14, 2018.The Turkish lira has nosedived in value in the past week over concerns about Erdogan's economic policies and after the United States slapped sanctions on Turkey angered by the continued detention of an American pastor.

Turkey is increasing tariffs on imports of series of US products, escalating a feud with the United States that has helped trigger a currency crisis.

Turkey said Wednesday it was imposing extra tariffs on imports of products, including rice, vehicles, alcohol, coal and cosmetics. The decision was announced on the Official Gazette.

Turkey’s Vice President Fuat Oktay said on Twitter that the tariffs on certain products were increased “within the framework of the principle of reciprocity in retaliation for the conscious economic attacks by the United States.”

HM

 

 

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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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