Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

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

WorldNews Donald TrumpDonald Trump
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...
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: TomoNews US - < > Embed
News video: Turkey currency crisis sparks fears of global consequences

▶ Turkey currency crisis sparks fears of global consequences 01:14

ANKARA, TURKEY — As Turkey grapples with a financial crisis, fears mount that its economic consequences will ripple through global markets. The Turkish stock market continued to fall Monday, with its currency trading as low as 6.97 to the dollar. The value of the lira has already dropped 46%...

You Might Like


Recent related news

Trump's Moves Aggravate Turkey's Currency Crisis

President Trump’s decision to double steel tariffs on Turkey as its government battled a currency collapse marked a departure for the U.S. from how it...
Wall Street Journal - World

In Break From Precedent, Trump's Moves Aggravate Turkey's Currency Crisis

President Trump’s decision to double steel tariffs on Turkey as its government battled a currency collapse marked a departure for the U.S. from how it...
Wall Street Journal - Asia-Pacific

Turkey currency crashes as Trump doubles metals tariffs

Erdogan tells Turks to check under their pillows for gold as Turkish lira nosedives to record lows.
euronews - Front Page

China lowers yuan fixing to 3-week low amid Turkey currency crisis

The Chinese yuan is heading for its biggest daily drop against the US dollar in three weeks, after the People’s Bank of China (PBOC) lowered the daily currency...
S.China Morning Post - Markets


Tweets about this


Other recent news in Front Page

Trump revokes security clearance of former CIA DIRECTOR John BrennanJohn BRENNAN: President Trump’s Claims of No Collusion Are Hogwash
Asia and Australia Edition: South Korea, JOHN BRENNAN, Genoa: Your Thursday BriefingMalaysian court tells women charged in killing of NORTH KOREAN to enter defense

Recent related videos

Turkish Lira Up 3 Percent [Video]Turkish Lira Up 3 Percent

ISTANBUL (Reuters) - The Turkish lira rallied 3 percent on Thursday ahead of a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel..

Wochit Business -

U.S. tariffs to stay on Turkey, Qatar offers aid [Video]U.S. tariffs to stay on Turkey, Qatar offers aid

The United States has ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey,..

Rumble -

Turkey doubles tariffs on some U.S. imports [Video]Turkey doubles tariffs on some U.S. imports

Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco on Wednesday (August 15) in retaliation for U.S. moves. Emily Wither reports from Istanbul.

Rumble -

Turkey's Economy Is Struggling, And That's Partly On The US [Video]Turkey's Economy Is Struggling, And That's Partly On The US

The Turkish currency is struggling, and part of the reason is a diplomatic dispute with the U.S.

Rumble -

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+  •  FOLLOW us on Pinterest