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Trump doubles Section 232 tariffs for Turkey as lira plunges to record low

August 10, 2018 at 9:57 AM
Section 232 steel and aluminum tariffs will be doubled for Turkish imports, President Trump announced on Friday, citing a dip in the Turkish currency and poor U.S.-Turkey relations. “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!” Trump tweeted . Turkey...

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