Advertisement

US doubles tariffs on Turkish steel, aluminium

US President Donald Trump has doubled US tariffs on Turkish steel and aluminium, as the precipitous fall of the Turkish lira accelerates.
 
In a tweet, Mr. Trump said the currency was weak against a very strong US dollar, adding that "US relations with Turkey are not good at this time".
 
Turkish President Recep Tayyip Erdogan said in a speech that the drop was part of a "campaign" led by foreign powers.
 
Relations between the two Nato allies have grown strained in recent months.


comments powered by Disqus
More Stories
Most Popular
Historic Cave Valley Estate Chimney crumbles
BOJ pumps US$90 million into forex market...