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Trump Increases Pressure On Turkey Amid Currency Crisis, OKs Doubling Of Metals Tariffs

WorldNews Friday, 10 August 2018
Trump Increases Pressure On Turkey Amid Currency Crisis, OKs Doubling Of Metals TariffsU.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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News video: Trump: 'Relations With Turkey Are Not Good,' Announces Doubling Of Steel And Aluminum Tariffs

▶ Trump: 'Relations With Turkey Are Not Good,' Announces Doubling Of Steel And Aluminum Tariffs 01:08

President Trump on Friday announced the doubling of steel and aluminum tariffs against Turkey.

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