Trump Doubles Tariffs on Turkish Steel, Aluminum Imports
U.S. President Donald Trump further escalated tensions with Turkey Friday by announcing a sharp increase in tariffs on steel and aluminum imports in an early morning post on Twitter. In announcing 20 percent tariffs on aluminum and 50 percent tariffs on steel, Trump said “the Turkish Lira, slides rapidly downward against our very strong Dollar!” Trump’s announcement came two days after a Turkish diplomatic delegation visited Washington in a bid to to ease tensions between the two countries. Analysts have warned that rising U.S.-Turkish tensions are threatening a financial crisis in Turkey. On Monday, the Turkish lira suffered its most …