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Trump doubles tariffs on Turkey, sending lira crashing

SBS Saturday, 11 August 2018
The embattled Turkish lira tumbled over 16 per cent to new record lows against the dollar on Friday as strains with the United States intensified.
Credit: Wochit - Published < > Embed
News video: Tariffs On Turkish Steel And Aluminium Effect Lira

Tariffs On Turkish Steel And Aluminium Effect Lira 00:32

According to Reuters, Turkish President Tayyip Erdogan urged citizens to sell their gold and US dollars for lira. The Turkish lira is down 40-percent on the year, but the currency has been in free fall since US President Donald Trump announced additional tariffs on Turkish steel and aluminium...

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