Posted on 05/16/2019 8:46:18 PM PDT by topher
WASHINGTON- The United States on Thursday terminated Turkey's preferential trade treatment under a program that allowed some exports to enter the country duty free, but it has halved its tariffs on imports of Turkish steel to 25%.
The White House said it was appropriate to terminate Turkey's eligibility to participate in the Generalized System of Preferences (GSP) program, based on its level of economic development. The decision was effective May 17, it added.The U.S. Trade Representative (USTR) in early March said Turkey was no longer eligible to participate because it "is sufficiently economically developed." It had begun reviewing the NATO ally's status in the program last August when the two countries were embroiled in a diplomatic row.
(Excerpt) Read more at jpost.com ...
And Turkey is a member of NATO? What a joke! Get out while you can.
Trump means business. Literally.
Good. Jive Turkeys!
Thanks topher.
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