According to the country’s Official Gazette, the decree signed by Turkish President Recep Tayyip Erdogan, raised the levy on passenger cars by 120 percent, on alcoholic drinks by 140 percent and on leaf tobacco by 60 percent. Tariffs were also increased on goods including cosmetics, rice and coal.
Turkey’s Vice President Fuat Oktay wrote on Twitter Wednesday that Ankara has raised tariffs on US products under the principle of reciprocity “in response to the US administration’s deliberate attacks on our economy.
On Tuesday, Erdogan said his government would boycott electronic goods from the United States in response to Washington imposing tariffs on Turkish imports. He pledged Turkey would work to produce and export more goods, as well as provide employment opportunities to Turkish citizens.
On Friday, Erdogan said Turkey was in a state of economic war after the Turkish lira plummeted as a result of US President Donald Trump’s announcement that he authorized the doubling of US tariffs on steel and aluminum imports from Turkey.