President Donald Trump recently announced a doubling of previously placed Steel tariffs on the country of Turkey, as reported here from CNBC.
The White House said in a statement, “As he stated, the President has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey. Section 232 tariffs are imposed on imports from particular countries whose exports threaten to impair national security as defined in Section 232, independent of negotiations on trade or any other matter.”
While other master distributors of steel pipe source directly from Turkey, United Pipe does not sell pipe products originating from there and our customers will not be directly affected by any supply issues that are a result of this new tariff. However, this move will further tighten the Import Steel pipe market which is already subject to a 25% tariff (or in some cases a quota, which countries like South Korea have already reached). Now is a good time to call your United Pipe representative for more info and help planning your strategic buying needs.
For more info on Turkey and the Steel pipe market:
- Read our Section 232 and Import Steel tariff info page, which explains the current market and actions being taken
- See a list of our Import Steel pipe products and list prices
- See a list of our Domestic Steel pipe products and list prices
- Read this article from CNBC about Turkish tariffs
- See President Trump’s Twitter statement below:
I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!
— Donald J. Trump (@realDonaldTrump) August 10, 2018
We continue to recommend that you use our services as a weekly pipe distributor to lessen the risk associated with these volatile commodity products. Please call us with your Copper, PVC, Steel pipe and Electrical conduit needs at 1-800-777-7473.