Turkey’s currency takes 17% dive to fresh all-time low after Trump tweets new tariff rate
|08/10/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>