Ankara’s rocky relations with Washington took a further hit as President Donald Trump lobbed fresh salvos via Twitter against Turkey, plunging the sagging Turkish lira to new lows against the dollar. The Turkish currency shed about 17% of its value in a single day.
Trump struck a vengeful note, announcing, “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 our very strong Dollar!” He added, “Our relations with Turkey are not good at this time!”