UPDATED - Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs...
Source: The Washington Post
Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs in effort to punish country
By Washington Post Staff
August 10 at 8:57 AM
President Trump earlier announced he would sanction two top Turkish officials over the countrys detainment of an American pastor. The new tariffs seek to inflict additional pain on Turkey, which is already suffering a swift economic descent as its currency stumbles.
Our relations with Turkey are not good at this time! Trump tweeted.
This is a developing story. It will be updated.
Read more: https://www.washingtonpost.com/business/2018/08/10/trump-takes-aim-turkey-announcing-doubling-steel-aluminum-tariffs-effort-punish-country
UPDATE:
By Damian Paletta
August 10 at 9:11 AM
President Trump on Friday said he told his administration to double the steel and aluminum tariffs against Turkey, reflecting the rapidly deteriorating state of relations between both countries.
The announcement would mark a major policy shift, but it was made in a Twitter post with little context. Trump remarked that Turkeys currency, the Lira, was weakening against the U.S. dollar, a phenomenon that would make existing tariffs less impactful.
Doubling the tariffs to 20 percent for aluminum and 50 percent for steel would magnify the impact of the trade restrictions.
Link to tweet
Trumps move reflects a confluence of factors that have led to worsening relations between the White House and Turkeys president Recep Tayyip Erdogan.
The Treasury Department slapped sanctions on two Turkish officials last week because the country had refused to release American pastor Andrew Brunson, who faced charges in Turkey of espionage, among other things.
more
https://www.washingtonpost.com/business/2018/08/10/trump-takes-aim-turkey-announcing-doubling-steel-aluminum-tariffs-effort-punish-country
Bernardo de La Paz
(49,045 posts)But Erdogan assures the Turkish citizens that "god is with them".
heaven05
(18,124 posts)full of the worst kind of stinking feces.....I'm being nice with my word there...
Fred Sanders
(23,946 posts)Although Erdogan is no saint attacking the economy only boosts him.
ChiTownDenny
(747 posts)Last edited Fri Aug 10, 2018, 06:26 PM - Edit history (1)
Jay Sekulow, one of Trump's attorneys. Why else would this be so high on the radar?
tonyt53
(5,737 posts)On top of that, a leader that is much like trump. What could go wrong?
greymattermom
(5,754 posts)How about flying over Turkish air space? Don't you need to do that to get a lot of places?
tonyt53
(5,737 posts)Best not poke them. Let it play out.
notdarkyet
(2,226 posts)China...have lots of weapons to retaliate with. He is putting us in the cross hairs of massive weapons by striking out with his petty tariffs. We could be in for some hurt. He wants to tell the world what to do and may find out the world is bigger than him.
Bernardo de La Paz
(49,045 posts)mahatmakanejeeves
(57,632 posts)Botany
(70,590 posts)As per aluminum they are not in the top 15 countries that export aluminum into America.
********
This move might help the United States buy more steel from Russia.
**********
California is burning up and Trump is worried about Turkish Steel?
mahatmakanejeeves
(57,632 posts)To my surprise, they're still in business. I gather that the original fell out of favor, and this is a rerun.
Bonomo Turkish Taffy
Botany
(70,590 posts)aka aplets and cotlets ..... good stuff