Don’t miss the latest developments in business and finance.

Corrected: Turkey raises tariffs on some U.S. imports, including cars, alcohol - Official Gazette

Image
Reuters ISTANBUL
Last Updated : Aug 15 2018 | 12:45 PM IST

(Corrects scale of tariff raises in 2nd paragraph)

ISTANBUL (Reuters) - Turkey has sharply raised tariffs on some U.S. imports, including passenger cars, alcohol, tobacco, the country's Official Gazette said on Wednesday.

The decree, signed by President Tayyip Erdogan, raised the tariffs on passenger cars to 120 percent, on alcoholic drinks to 140 percent and on leaf tobacco to 60 percent. Tariffs were also increased on goods including cosmetics, rice and coal.

(Reporting by Canan Sevgili; Editing by Daren Butler)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 15 2018 | 12:36 PM IST

Next Story