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Turkey's currency takes 20% dive to fresh all-time low after Trump tweets new tariff rate
U.S. President Donald Trump intensified his spat with Turkey on Friday by imposing higher tariffs on metal imports, putting unprecedented economic pressure on a NATO ally and deepening turmoil in Turkish financial markets. Criticizing the state of the U.S. relationship with Ankara, Trump announced on Twitter that he had authorized a doubling of duties on aluminum and steel imported from Turkey, making them 20 percent and 50 percent respectively. The White House said later that Trump had authorized his administration to prepare documents imposing the increased duties under a section of U.S. law that allows for tariffs on national security ... (full story)
- Posted: Aug 10, 2018 11:38am
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 1,654