Economy

Trump doubles metals tariffs on Turkey, sending lira into freefall

Trump doubles metals tariffs on Turkey, sending lira into freefall11-08-2018

President Donald Trump abruptly announced Friday that he would double the rate of import tariffs on Turkish metals — forcing Turkey to ask citizens to buy its own crashing currency.

The Turkish economy was already mired in crisis amid worsening relations with Washington and worries over soaring inflation and unemployment.

 
 

Trump tweeted he had authorized a 20 percent duty on aluminum and 50 percent one on steel. "Our relations with Turkey are not good at this time!" he noted.

The sudden announcement turned a run on the Turkish lira into a rout; it crashed more than 18 percent to a new record low against the dollar.

Donald J. Trump
 
@realDonaldTrump
 
 

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!


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UN - cycling is the most healthy means of transport

UN - cycling is the most healthy means of transport06-08-2014

A United Nations Research reveals that the use of the "two wheels" would lead to the creation of 76,000 new jobs and would save the lives of at least 10,000 people. The case of Copenhagen ...


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UNITED NATIONS - The "green" economy works

UNITED NATIONS - The "green" economy works11-08-2014

Who said that green economy does not pull?

 

A UN study highlights the economic sustainability of a world with zero emissions ...


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GHANA - Bamboo Bike Initiative

GHANA - Bamboo Bike Initiative15-04-2014

"We believe that business opportunities exist in all of the areas of Ghana and we are committed to improve the standard of living of the Ghanaian youth through the creation of sustainable social enterprises...


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Outdoor team working

Outdoor team working07-10-2013

OutdoorTeamWorking:amusement applied to business training.This is the new method of resource-building aiming for a working team that is united,strong,where each role is appraised:each single position is integral part of the firm’s organism...


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