President Donald Trump's administration may either appeal a U.S. court decision that said doubling tariffs on imports of Turkish steel in 2018 violated the law, or not recognise the ruling at all, Daily Sabah said on Sunday.
Trump doubled U.S. tariffs on Turkish metals during a political standoff with Ankara over Turkey’s detention of an American pastor in 2018. The U.S. Court of International Trade decided that the tax increase was illegal on July 14.
There is a danger that Trump will not recognise the ruling, Daily Sabah said, citing Sait Akman, a senior research fellow at the Trade Studies Center at the Turkish Economic Policy Research Institute.
Turkish firms plan to seek financial recompense in U.S. courts, the newspaper reported.
“We will claim compensation for the losses,” said Adnan Aslan, head of the Turkish Steel Exporters Association.
“If the case goes for an appeal, we will file with the higher courts," he said, according to Daily Sabah.
The higher tariffs remained in place until May 21 last year, when Trump reduced them back to 25 percent.
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