GENEVA (Reuters) - Turkey told the World Trade Organization on Wednesday that it would retaliate against a Ukrainian tariff on car imports, while Japan and the European Union signalled they could follow suit.
Turkey's retaliation was tiny in global trade terms, amounting to a 23 percent tax on Ukrainian walnuts which Turkey estimates will raise $6.1 million (3.8 million pounds), equivalent to the damage done to Turkey's car exports by Ukraine's tax.
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