Yesterday President Trump issued a proclamation to terminate Turkey’s status as a GSP country. The revocation becomes effective immediately, meaning TODAY May 17th, 2019. According to the administration Turkey is sufficiently economically developed and does not require preferential treatment anymore. In a 2nd proclamation Trump ordered the reduction of the Section 232 Tariffs on steel from 50% to 25%. This will take effect for import entries made May 21st or later.