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US President Donald Trump doubling steel, aluminum tariffs for Turkey: tweet

New York (Platts)--10 Aug 2018 930 am EDT/1330 GMT


US President Donald Trump has ordered a doubling of the steel and aluminum tariffs on imports from Turkey, citing deteriorating US-Turkey relations this morning in a tweet at about 8:47 am EDT.

"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!," Trump tweeted, adding: "Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!"

--Joe Innace, joseph.innace@spglobal.com

--Edited by Dan Lalor, daniel.lalor@spglobal.com




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