SleepTech July - August 2018

82
Turkey hikes tariff
rates on goods
imported from US
After Turkey decided to impose
tariffs on nearly two dozen U.S.
products as of June 21 in response
to the additional steel
and aluminum tariffs enacted by
Washington, the country has also
decided to increase the additional
tariff rates on some of the
goods imported from the United
States.
According to the decision of the
Council of Ministers published in
the Official Gazette, Ankara has
decided to increase additional
tariffs on a number of products, including
cars, whiskey, dried nuts,
rice and unprocessed tobacco.
The additional tariffs rate on
cars rose to 60 percent from 35
percent, in alcoholic beverages
like whiskey to 70 percent from
40 percent, in rice to 25 percent
from 20 percent, in dried nuts to
10 percent from 5 percent, and
in tobacco to 30 percent from 25
percent.
The quasi-boycott has been introduced
to increase the effectiveness
of the retaliation. The price
of products will be increased due
to additional tariffs. The European
Union (EU) has also raised tariffs
on whiskey, which is produced in
the regions where President Trump
won the most votes. As a result of
the rise, the additional tariffs on
alcoholic beverages will increase
to $14.6 million from $8.3 million,
the additional tariffs on automobiles
will increase by $22 million,
and the tariffs on dried nuts will
double.
According to documents filed with
the World Trade Organization
(WTO) in March, Turkey slapped