An Evaluation of the Impact of US Tariffs on Turkish Trade and Economy
VerifiedAdded on 2022/10/19
|6
|1113
|10
Report
AI Summary
This report evaluates the impact of US tariffs on Turkish steel and aluminum exports. The United States imposed tariffs on these products, leading to increased prices and decreased demand in the US, which reduced the revenue of Turkish steel and aluminum sectors. The report analyzes the overview of the US tariffs, the impact on imported goods, and the trend of crude steel production in Turkey. The imposition of tariffs resulted in a trade deficit and potentially contributed to a recession in Turkey. Despite a subsequent reduction in tariffs, the negative impact on the Turkish economy persisted, as evidenced by the continued decline in steel production. The report concludes that the high tariff rates significantly affected the Turkish economy.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
1 out of 6