• Turkey doubles tariffs on some U.S. imports; Turkish lira rallies

    1 month ago - By Reuters

    Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied a further six percent after a fresh move by banking authorities to underpin the currency.
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  • 10 things you need to know in markets today

    10 things you need to know in markets today

    1 month ago - By Business Insider

    Good morning! Here's what you need to know in markets on Wednesday.
    1. Turkey has doubled tariffs on some U.S. imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate U.S. attacks on the Turkish economy. The move comes amid increased tension between the two NATO allies over Ankara's imprisonment of a pastor and other diplomatic issues.
    2. Asian stocks sagged on Wednesday, failing to track Wall Street's gains and with the dollar near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite, despite...
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  • Turkey increases tariffs on some US imports, escalating feud

    1 month ago - By Chron

    ANKARA, Turkey - Turkey announced Wednesday it is increasing tariffs on imports of certain U.S. products, escalating a feud with the United States that has helped trigger a currency crisis.
    In a decision announced in the Official Gazette, Ankara said it will impose extra tariffs on imports of products including rice, vehicles, alcohol, coal and cosmetics.
    Turkey's Vice President Fuat Oktay said on Twitter that the tariffs on certain products were increased "within the framework of the principle of reciprocity in retaliation for the conscious economic attacks by the United States."
    The...
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  • Turkey raises tariffs on some US imports in response to economic 'attacks'

    1 month ago - By RT

    Turkey is raising tariffs on imports of certain goods from the US, including cars, alcohol and tobacco. The Turkish vice president says it's a response to Washington's 'deliberate attacks' on the country's economy.
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