Turkey Announces Tariffs on U.S. Goods From Cars to Alcohol

Turkey has slapped an additional tax on imports of a broad range of American goods, the latest escalation in a standoff that’s brought ties between the two NATO allies to a breaking point. The decision follows President Recep Tayyip Erdogan’s call on Tuesday for a boycott of U.S. electronics including Apple Inc.’s iPhones to retaliate for the Trump administration’s punitive actions over the past few weeks to pressure Turkey into releasing an American pastor. For more on Erdogan’s boycott, read: Erdogan to Boycott IPhones as Turkey Steps Up Row With U.S. A calculation by Bloomberg shows the items listed in the decree accounted for $1 billion of imports last year, similar to the amount of Turkish steel and aluminum exports that were subjected to higher tariffs by President Donald Trump last week. The decision shows Turkey giving a proportionate response to American “attacks” on the Turkish economy, Vice President Fuat Oktay said in a Tweet. Read more here