Turkey Lira plunges as US doubles tariff on steel, aluminium
Beeps By | Aug 11 2018

The already ailing Turkish Lira further went down after Donald Trump doubled US tariffs on Turkish steel and aluminium. The relationship between the two countries was not in good following the arrest of a US pastor in Turkey. The Turkish lira plunged by more than 20% against the dollar. Turkey also warned it would retaliate against US tariffs move.

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