White House: Turkey’s doubling of tariffs on US imports is ‘a step in the wrong direction’
|White House spokeswoman Sarah Sanders told Reuters late-Tuesday, the US condemns the Turkish actions to double the tariffs on some US imports, calling the action “a step in the wrong direction.”
Turkey raised tariffs on the US cars, alcohol and tobacco imports on Wednesday, in retaliation to the US’s doubling of tariffs on Turkish steel and aluminum last week.
Saunders noted: “The tariffs from Turkey are certainly regrettable and a step in the wrong direction. The tariffs that the United States placed on Turkey were out of national security interest. Theirs are out of retaliation.”
“The tariffs that are in place on steel will not be removed with the release of pastor Brunson. The tariffs are specific to national security. The sanctions, however, that have been placed on Turkey are specific to pastor Brunson and others that we feel are being held unfairly, and we would consider that at that point,” Saunders added.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.