The Turkish government has increased duties on American exports worth $1.6 billion in the 12 months to June 30. That comes in retaliation for the Trump administration’s doubling of tariffs on $940 million of Turkish steel and aluminum exports, and is part of a process of deteriorating relations between the two countries. The Erdogan administration has focused on commodities. The largest product groups targeted including coal and petcoke ($670 million of U.S. exports) and nuts ($367 million) as well as manufactured goods including cars. Generally the products have been chosen to ensure a ...
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