It is reported that on May 16, local time, the United States announced the elimination of Turkey’s GSP treatment at the same time, Turkey’s steel import tariffs reduced to 25%.The decision took effect on May 17, the report said.

The United States will cancel Turkey’s GSP program because of its economic development, the White House said Tuesday.It is reported that GSP refers to an international trade system in which developed countries unilaterally give preferential tariff treatment to the finished products and semi-finished products imported from developing countries.

Of course, the United States has not forgotten to “hit a rod with a date.”In its statement, the White House also announced it would cut tariffs on steel imports from Turkey to 25 percent from 50 percent.