Trump’s Tariff Innovation Targets Turkey, May Hit Thyssen and Mannesmann — Panjiva


Trump’s Tariff Innovation Targets Turkey, May Hit Thyssen and Mannesmann

Materials - Metals/Mining 482 Metals - Steel 360 Sanctions 74 Tariffs 1169 Turkey 33 U.S. 3297

President Trump has announced that section 232 duties on steel and aluminum will be doubled for exports from Turkey. That forms part of a widening set of sanctions against Turkey and is an innovative use of the national-security basis for section 232 duties. Presumably the use-case could be widened to other American sanctions targets including Russia and represents another source of corporate supply chain. Turkey is a relatively small part of U.S. steel and aluminum imports with $938 million of exports having represented 2% of the total in the 12 months to June 30. Yet, there could be a ...

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