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Trump Increases Tariffs on Turkey: Lira Plunges 18%, Global Stock Spillover

by Mike ‘Mish’ Shedlock
Mish Talk

The Turkish Lira collapsed as much as 18% as Trump escalated his feud with Turkey over a detained US pastor.

[…] Turkey ranked number six in 2017 as a supplier of steel to the U.S., and number 11 in aluminum, according to the Commerce Department.

Trump Turkey Flashback Timeline

[…] Feud Over Detained US Pastor Escalates

Today, the WSJ reports Trump Vows to Double Metals Tariffs on Turkey as Dispute Escalates Over Detained American

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