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US President Donald Trump shows no intention of stepping back from his steep steel tariffs; on the contrary, he is forging ahead to expand them. Turkey, which was hit by Trump’s tariff blow in March, has geared up to respond in kind, contemplating levies on various US products. Yet a fresh challenge has emerged under its nose: Regional steel producers are targeting Turkey’s own market.
According to the Turkish Steel Producers Association, a 9.7% decrease in Turkish steel exports in March is the first sign of the impact of Trump’s 25% tariff and “corresponding protectionist measures arising in other countries.”
