Mar 06 2018

Turkey may retaliate with U.S. cotton tax - adviser

Turkey might retaliate against Donald Trump's proposed steel tariffs by taxing American cotton, said one of President Recep Tayyip Erdoğan's economic advisers on Tuesday.

Cemil Ertem, a prominent Erdogan adviser, said " other countries, like Turkey, affected by the U.S. tax are preparing to answer in the kind - such as Turkey with cotton imports," in an article for a Turkish newspaper.

U.S. President Donald Trump said that he would impose up to 25 percent tariffs on imports of steel and aluminium to protect American national security last week.

Turkey, the world's eighth-largest steel producer and the sixth-largest exporter to the United States, is one of the major importers of American cotton.

Trump's proposal has also spurred worries that Europe might retaliate, where officials have threatened counter-measures on quintessential American products.

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