Donald Trump’s Tweet About Turkey: The Dollar Is Rapidly Gaining Value

Turkish Lira has experienced a historical decline as of today, depreciating 17 percent against the Dollar and 15 percent against the Euro.

As of the moment, Dollar 6,414, Euro is trading at 7,332 levels.

Donald Trump Tweets About Turkey

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

“Turkey I gave instructions to double the taxes on steel and aluminum from Turkey. Our strong dollar continues to appreciate against the Turkish lira. Our relations with Turkey are not good at the moment!.”

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