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Turkey’s currency takes 17% dive to fresh all-time low after Trump tweets new tariff rate





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  • The Turkish lira fell as much as 14.6% versus the dollar Friday.
  • President Recep Tayyip Erdogan called on citizens to convert other currencies and gold into lira.
  • Washington imposed sanctions on Ankara over Americans detained in Turkey.
  • Watch the lira trade in real time here.

Turkey’s currency plunged to fresh all-time lows against the dollar Friday after President Donald Trump announced in a tweet that he would double tariffs on aluminum to 20% and on steel to 50%.

“I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly read more >>>

Source:: BusinessInsider.Com

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