Trump cuts steel tariffs on Turkey by half
By Rachel Frazin - 05/16/19 08:56 PM EDT President Trump announced Thursday that he would reduce tariffs on Turkish steel from 50 percent to 25 percent, returning the tariffs to their August 2018 levels.
Trump doubled tariffs on steel from Turkey last August, but is now cutting those tariffs by half, Trump said in a White House proclamation.
Under the higher tariff, steel imports declined by 12 percent and have declined from Turkey by 48 percent, Trump said in the proclamation.
"This target level, if maintained for an appropriate period, will improve the financial viability of the domestic steel industry over the long term," Trump said.
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https://thehill.com/policy/finance/trade/444192-trump-cuts-steel-tariffs-on-turkey-by-half