Tuesday, 14 August 2018
Trump Increases Pressure On Turkey Amid Currency Crisis, OKs Doubling Of Metals Tariffs

Added: 10.08.2018 15:42 | 10 views | 0 comments

Source: www.yahoo.com
Source: www.yahoo.com

U.S. President Donald Trump tweeted Friday he has authorized the doubling of steel and aluminum tariffs on Turkey as a continuing diplomatic dispute between the two countries is causing a currency crisis for Turkish President Recep Tayyip Erdogan, CNBC reported. "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!” – Tweet by U.S. President Donald Trump Friday Immediately following the tweet, the Turkish lira fell as much as 14 percent lower vs. the U.S. dollar in Friday...

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