In front of the White House summit on Thursday, Turkey said it was eliminating retaliatory tariffs imposed on some American products after the 2018 diplomatic series, Bloomberg said. The summit is expected to bring agreements of more billions of dollars.
These retaliation tariffs focused on a number of goods from cars to whiskey. Turkey presented other fees after the US deposited similar taxes on Turkish steel and aluminum after dropping between the two countries during the arrest of the American pastor.
Turkey said the Ministry of Commerce that its removal was part of a three -time bilateral trade at $ 100 billion.
The decision to remove the American tariff comes before the meeting between Turkey Recep Tayyip Erdogan and US President Donald Trump scheduled for Thursday, September 25th.
The Turkish leader is trying to turn the summit into a break in a full relationship between NATO ally, the hanging aircraft deals with Boeing Co. And Lockheed Martin Corp., which would cost tens of billions of dollars.
Turkish markets are improving
Turkish markets have received support from the expectations of the main stores between the US and Turkey. Benchmark Borsa Istanbul 100 Index has grown up to 2.2% powered by ASELSAN defense company and Turkish airlines, probable Boeing aircraft.
The shares of the Turkish state operated by the Halkbank, considered representatives of the strength between Erdogan and Trump, increased by up to 10%. Halkbank was prosecuted in the US for alleged help to avoid US sanctions against Iran. Investors believe that Halkbank’s appeals case in the US could help better ties.
Government debt increased with a yield of two and ten -year bonds to drop 24 basis points and 21 basis points. Lira is slightly higher.
“Routence between the US and Turkey is increasing the positive market sentiment, especially after relative lightness in the latest political tension,” said Bloomberg ICBC Turkey Investment Burak Isyar.
The US set tariffs on Turkish goods at 15% in August, lower than many peers.
(Tagstotranslate) Turkey
