Trump doubles tariffs on Turkish steel and aluminum, says relations ‘not good’

10 Aug by Vitaliy Dadalyan

Trump doubles tariffs on Turkish steel and aluminum, says relations ‘not good’

Trump doubles tariffs on Turkish steel and aluminum, says relations 'not good'

U.S. President Donald Trump said on Friday he had authorized higher tariffs on imports from Turkey, imposing a 20 percent duty on aluminum and 50 percent one on steel, as tensions mount between the two NATO allies over Ankara’s detention of an evangelical pastor and other diplomatic issues. “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!” Trump said in an early morning post on Twitter. Trump’s announcement came less than an hour after Turkish President Tayyip Erdogan urged Turks to help defend the country against what he called economic war against the country.

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Source:: https://finance.yahoo.com/news/trump-doubles-tariffs-turkish-steel-134742289.html

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