International
US allies impose more retaliatory tariffs on it
Days after China slammed heavy import duties worth tens of billions of dollars on US goods including lobsters, soybeans, electric cars and whiskey, more allies are imposing retaliatory tariffs on the US.
Reports say Turkey and India are the latest to impose retaliatory tariffs worth hundreds of millions of dollars on goods imported from the United States, joining a growing list of allies that have done thesame.
Ankara has imposed $266.5m of levies on imports of US automobiles, coal and several food items, in response to the “ill-advised” and “unsupportable” additional steel tariffs enacted by Washington, Economy Minister Nihat Zeybekci said.
Read also: TARIFF DISPUTE: EU set to retaliate against US imports
The tariffs will also affect US products such as walnuts, almonds, tobacco, unprocessed rice, whisky, cosmetics, machinery equipment and petrochemical products.
“The total tariff burden today being imposed by Turkey on the US is commensurate with the additional costs Turkey faces due to the tariffs imposed on it by the US,” Zeybekci said in a statement.
Reports say plans by the European Union to retaliate in kind against the US over its imposition of tariffs last week will come into effect this Friday, reports say.
The EU had earlier unanimously endorsed a plan to impose high import duties on a list of US products in response to US tariff hikes on steel and aluminum imports from Canada.
RipplesNigeria… without borders, without fears
Click here to join the Ripples Nigeria WhatsApp group for latest updates.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...