Trump Doubles Tariffs on Turkish Steel, Aluminum Imports
11 Août, 2018, 04:56 | Auteur: Auguste Feret
The United States is the biggest destination for Turkish steel exports with 11% of the Turkish export volume.
Aluminium will now be 20 per cent and Steel 50 per cent. Import taxes for aluminum will be 20 percent.
Washington has demanded the pastor's release and imposed financial sanctions on two Turkish ministers and warned of additional measures.
That is unlikely to mollify investors who are also anxious by the growing dispute with the United States. Turkey answered the March tariff announcement by placing its own tariffs on $267 million of USA goods.
Trump tweeted that the latest tariff decision came as Turkey's currency, the lira, "slides rapidly downward against our very strong Dollar".
The lira dropped by over 11 percent in value in one day on Friday morning to almost six lira per dollar. The lira has fallen about 40 percent against the dollar this year.
The Turkish lira is in a state of crisis, as a result of investor confidence in Turkish assets remaining at alarmingly low levels.
The currency has fallen more than 35 percent this year after losing almost a quarter of its value in 2017.
Turkish President Recep Tayyip Erdoğan struck a defiant note in a series of Twitter messages shortly before Trump's announcement. "Don't worry", Erdogan told a crowd in the northeastern city of Bayburt.
More evidence of how nervous investors are about Turkey's economy could be seen in the iShares MSCI Turkey exchange-traded fund, which plunged 18% and saw the most premarket trades ever, according to Bloomberg.
"The surge in Turkish inflation, bond yields and the even more dramatic plunge in Turkey's exchange rate in 2018 suggest that the country could now be in danger of heading for a bust", Berenberg economist Carsten Hesse said. Last week, Erdogan called on citizens to convert their hard currency and gold into lira in order to prop up the plunging currency with a "domestic and national stance".
Bank shares across Europe fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European lenders' exposure to Turkey.
Turkey has accused Andrew Craig Brunson of spying and "committing crimes on behalf of terror groups without being a member".
Turkish Deputy Foreign Minister Sedat Onal (2nd-L) leaves after a meeting with U.S. Deputy Secretary of State John Sullivan at State Department in Washington, U.S., August 8, 2018, without reaching an agreement.
The Colombia worldwide was also linked with a switch to Manchester United , but he has opted for a move to Goodison Park. The winger, 20, wanted to leave for Red Bull Leipzig following a loan spell there last term, but Everton blocked it.
In taking his new number this season, Coutinho joins a list of some of Barcelona's best attacking players in wearing the no.7. Barcelona announced on Thursday afternoon that Coutinho would wear the No. 7 jersey moving forward.
Kansas City's Sprint Center announced on Twitter today that the show has been pushed back to Sunday, August 12th. The rapper/singer's tour bus was towed away from a hotel parking lot in Kansas City, MO around 3 AM Thursday.
Mr Chamisa wants the court to declare him the victor or call a fresh election, his lawyer told Reuters news agency on Friday. The constitution requires a losing presidential candidate to file a challenge within seven days of a victor being declared.
The definitive list of candidates is set to be announced on September 19 after each name is validated by CENI. By the close of registration on Wednesday evening, more than two dozen candidates had filed their candidacies.
With each orbit it will push closer and closer to the sun, ultimately circling the star at a distance of less than 10 radii. The spacecraft holds photos of Parker as well as a copy of his 1958 research paper on what he termed solar wind.
Lewis Nelson, chairman of emergency medicine at Rutgers New Jersey Medical School, who was not involved with the case. It is possible to test positive for opiates, or morphine, because you consumed poppy seeds, said Dr.
Of the current top eight, only Thomas has never played in a Ryder Cup and Koepka has never played in a road Ryder Cup. Nonetheless, as auditions go, this will be a big one for two players hoping to compete in their first Ryder Cup.
Legitimising Barca's claim to nurturing talent over heavy expenditure, all four players are graduates of the famed La Masia . Sergio Busquets will be the vice-captain, with Gerard Pique and Sergi Roberto the third and fourth captains respectively.
Ben Stokes 'can't remember' knocking stranger out
Asked whether he was "looking down your nose" at Mr Cunningham, Stokes replied he "might just be looking at the night sky". Mr Corsellis asked: "You don't remember any of the words of the homophobic abuse that you assert took place".
Everton want £40m Chelsea flop Tiemoue Bakayoko on loan
CHELSEA star Willian has spoken about Barcelona's attempts to sign him after insisting he is happy to remain at the club. Chelsea boss Maurizio Sarri has acknowledged that a number of players will leave Chelsea before the end of August.
Richard Gere sera papa pour la 2e fois à presque 70 ans
Richard Gere est également déjà papa puisque de son histoire d'amour avec Carey Lowell était né Homer, en 2000. La nouvelle n'a pas été confirmée officiellement, mais elle est déjà fort commentée sur les réseaux sociaux.