The level of Turkish steel imported to Europe has grown significantly as a response to US tariffs, according to the European steel association Eurofer. With steel import tariffs into the US at 25% for most countries, and a double rate of 50% for Turkey, much of the produce that would previously have gone to America is being redirected to Europe. Reporting by Philip Blenkinsop; editing by David Evans In addition, Turkey imports more than half its oil from Russia – which also happens to be one of America’s biggest trading partners.
The level of Turkish steel imported to Europe has grown significantly as a response to US tariffs, according to the European steel association Eurofer. With steel import tariffs into the US at 25% for most countries, and a double rate of 50% for Turkey, much of the produce that would previously have gone to America is being redirected to Europe. In addition, Turkey imports more than half its oil from Russia – which also happens to be one of America’s biggest trading partners.