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Turkey-United States relations

US President Donald Trump authorizes the doubling of Section 232 tariffs on imports of aluminium and steel from Turkey, to 20% and 50% respectively. The Turkish lira further falls to a new record low against the US dollar and Turkish stocks tumble.

The Turkish lira added to its steep losses on Friday, hitting a fresh record low, after President Donald Trump authorized the doubling of metals tariffs on Turkey.

  1. CNBC (Image)