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Fri Aug 10, 2018, 09:07 AM

UPDATED - Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs...

Source: The Washington Post


Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs in effort to punish country

By Washington Post Staff

August 10 at 8:57 AM

President Trump earlier announced he would sanction two top Turkish officials over the country’s detainment of an American pastor. The new tariffs seek to inflict additional pain on Turkey, which is already suffering a swift economic descent as its currency stumbles.

“Our relations with Turkey are not good at this time!” Trump tweeted.

This is a developing story. It will be updated.

Read more: https://www.washingtonpost.com/business/2018/08/10/trump-takes-aim-turkey-announcing-doubling-steel-aluminum-tariffs-effort-punish-country



UPDATE:

By Damian Paletta

August 10 at 9:11 AM

President Trump on Friday said he told his administration to double the steel and aluminum tariffs against Turkey, reflecting the rapidly deteriorating state of relations between both countries.

The announcement would mark a major policy shift, but it was made in a Twitter post with little context. Trump remarked that Turkey’s currency, the Lira, was weakening against the U.S. dollar, a phenomenon that would make existing tariffs less impactful.

Doubling the tariffs to 20 percent for aluminum and 50 percent for steel would magnify the impact of the trade restrictions.




Trump’s move reflects a confluence of factors that have led to worsening relations between the White House and Turkey’s president Recep Tayyip Erdogan.

The Treasury Department slapped sanctions on two Turkish officials last week because the country had refused to release American pastor Andrew Brunson, who faced charges in Turkey of espionage, among other things.

more
https://www.washingtonpost.com/business/2018/08/10/trump-takes-aim-turkey-announcing-doubling-steel-aluminum-tariffs-effort-punish-country

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Response to DonViejo (Original post)

Fri Aug 10, 2018, 09:13 AM

1. The sadist is kicking them when they are down. Turkish Lira has been falling in the past year.


But Erdogan assures the Turkish citizens that "god is with them".

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Response to Bernardo de La Paz (Reply #1)

Fri Aug 10, 2018, 09:17 AM

3. fuck dumptrump

full of the worst kind of stinking feces.....I'm being nice with my word there...

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Response to Bernardo de La Paz (Reply #1)

Fri Aug 10, 2018, 10:26 AM

9. Full on attack against NATO's only majority Muslin nation...what took so long?

Although Erdogan is no saint attacking the economy only boosts him.

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Response to Bernardo de La Paz (Reply #1)

Fri Aug 10, 2018, 02:06 PM

13. The American pastor, Andrew Bunson, is represented by

Last edited Fri Aug 10, 2018, 06:26 PM - Edit history (1)

Jay Sekulow, one of Trump's attorneys. Why else would this be so high on the radar?

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Response to DonViejo (Original post)

Fri Aug 10, 2018, 09:16 AM

2. Fourth largest army in the world. Turkey has many US nuclear warheads on its soil.

On top of that, a leader that is much like trump. What could go wrong?

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Response to tonyt53 (Reply #2)

Fri Aug 10, 2018, 09:20 AM

4. So will Turkey kick the US out?

How about flying over Turkish air space? Don't you need to do that to get a lot of places?

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Response to greymattermom (Reply #4)

Fri Aug 10, 2018, 09:27 AM

6. Possibly. But what happens if Turkey seizes the missile sites? Air space? They sure can do that too.

Best not poke them. Let it play out.

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Response to DonViejo (Original post)

Fri Aug 10, 2018, 09:25 AM

5. Trump is wielding tariffs in place of bombs thinking there can be no retaliation. Iran, Turkey,

China...have lots of weapons to retaliate with. He is putting us in the cross hairs of massive weapons by striking out with his petty tariffs. We could be in for some hurt. He wants to tell the world what to do and may find out the world is bigger than him.

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Response to DonViejo (Original post)

Fri Aug 10, 2018, 10:04 AM

7. Putin doesn't like any NATO member close to his growing borders. Also tRump pandering Evangelicals.

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Response to DonViejo (Original post)

Fri Aug 10, 2018, 10:18 AM

8. We get steel and aluminum from Turkey? NT

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Response to mahatmakanejeeves (Reply #8)

Fri Aug 10, 2018, 11:40 AM

10. Turkey is #6 as per imported steel into the U.S. .... we get 5.6% of our steel from Turkey

https://www.reuters.com/article/us-usa-trade-factbox/factbox-top-steel-exporters-to-the-united-states-idUSKCN1GE10I

As per aluminum they are not in the top 15 countries that export aluminum into America.

********
This move might help the United States buy more steel from Russia.

**********

California is burning up and Trump is worried about Turkish Steel?

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Response to Botany (Reply #10)

Fri Aug 10, 2018, 11:50 AM

11. At least there's no tariff on Turkish taffy.



To my surprise, they're still in business. I gather that the original fell out of favor, and this is a rerun.

Bonomo Turkish Taffy

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Response to mahatmakanejeeves (Reply #11)

Fri Aug 10, 2018, 11:56 AM

12. Or on Turkish Delights



aka aplets and cotlets ..... good stuff

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