Trump vows to double steel and aluminum tariffs on Turkey
August 14, 2018 | World | No Comments|
Washington (CNN)President Donald Trump said Friday he is greenlighting a doubling of steel and aluminum tariffs on Turkey and warned that US relations with the country “are not good at this time.”
The moves stem from Trump’s frustration over a detained American pastor held by Turkey on what US officials say are bogus charges, two sources with knowledge of the President’s mind-set tell CNN.
“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!” the President tweeted.