World

President Trump Says He’s Doubling Steel and Aluminum Tariffs ‘With Respect to Turkey’

(ANKARA, Turkey) — President Donald Trump says he’s just authorized the doubling of steel and aluminum tariffs “with respect to Turkey.”

Trump says via tweet that the tariff on aluminum imports will be increased to 20 percent and the tariff on steel imports will be raised to 50 percent as the Turkish Lira “slides rapidly downward against our very strong Dollar!”

Trump is also declaring that, “Our relations with Turkey are not good at this time!”

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! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!

— Donald J. Trump (@realDonaldTrump) August 10, 2018

The United States slapped sanctions on two Turkish officials earlier this month over a detained American pastor who is being tried on espionage and terror-related charges.

Turkey vowed retaliation “without delay” and warned the move would further harm relations between the two allies.

Trump’s tweet caused a further drop in the Turkish currency, which is now down 13 percent on the day.

Read more: feedproxy.google.com

Related posts

Watch This Irish Lawmaker’s Passionate Call To Stand Up

FeedPost

Princess Eugenie Discusses How She Doesn’t Let the Plastic-Free Wedding Stress Get to Her

FeedPost

North Korea’s Foreign Minister Shoots Back at U.S.

Samantha Derrick

Donald Trump says Fixing America’s failing infrastructure won’t be easy

FeedPost

Queen Elizabeth and the Pony Who Bit Her Flowers Meet Again

Sarah Sanders

The Polo Player in That Photo of Meghan Markle Kissing Prince Harry Has Jokes

FeedPost