Turkey’s Oktay: Tariffs raised in response to deliberate attacks on economy by US

Dhwani Mehta FXStreet

Turkish Vice-President Fuat Oktay is on the wires now, via Reuters, justifying Turkey’s action of raising tariffs on the US imports.

Oktay noted that Turkey raised the tariffs in response to deliberate attacks on the economy by the US.

Turkey raised tariffs on US imports of passenger cars by 120%, alcoholic drinks by 140%, and leaf tobacco by 60%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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