Trump Increases Pressure On Turkey Amid Currency Crisis, OKs Doubling Of Metals Tariffs
Friday, 10 August 2018 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...
U.S. President Donald Trump on Tuesday said he would consider extending the 90-day trade truce with China but warned he would return to his tariffs if the two sides could not come to a compromise. On..
BMW, Daimler also at sessions to head off threatened tariffs Volkswagen AG, trying to win over German car-bashing President Donald Trump at the White House,... WorldNews - Front PageAlso reported by •Energy Daily
Volkswagen Group CEO Herbert Diess talks with reporters. (AP photo) U.S. President Donald Trump and executives from Germany’s biggest automakers discussed the... WorldNews - Front PageAlso reported by •Energy Daily
SINGAPORE (AP) — Shares are advancing in Asia after Presidents Donald Trump and Xi Jinping met and agreed to moderate tensions over trade. The Shanghai... SeattlePI.com - BusinessAlso reported by •Energy Daily