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.
Solar eclipse will be visible in southern China on Saturday
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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.
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.
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".
The 41-year-old actress has yet to respond to the backlash, but now Newton has opted to step down from the project. The film will be co-produced by Chastain using her production company Freckle Films and Voltage Films.
Turkish President Recep Tayyip Erdoğan struck a defiant note in a series of Twitter messages shortly before Trump's announcement. At one point, it was down as much as 19 percent on the day, before rallying a bit to bring it to "only" a 13.7 percent loss.
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.
During his postgame press conference, 49ers head coach Kyle Shanahan provided some minor updates on the status of four players. George Kittle (shoulder): Separated shoulder and will be out for the remainder of the preseason.
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.
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NASA poised to launch first Sun-skimming spaceship
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Ellie Goulding Is Engaged to Caspar Jopling
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Messi named new Barcelona captain
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Au moins quatre morts dans une fusillade — Canada
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