• Turkey shaken by financial fears, Trump rattles it further

    2 monthes ago - By Chron

    ANKARA, Turkey - A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally.
    The lira tumbled 14 percent in one day, to 6.51 per dollar, a massive move for a currency that will make the Turkish poorer and further erode international investors' confidence in the country.
    The currency's drop - 41 percent so far this year - is a gauge of fear over a country coming to terms with years of high debt...
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  • Trump is mad that Turkey's economic crisis has made their currency weaker, so now he's making it even weaker

    2 monthes ago - By Washington Post

    President Trump seems to think that Turkey has been trying to take advantage of us by having an economic crisis that's sent their currency tumbling... so he's taken steps to make it tumble even more?...
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  • Turkey's currency panic reveals a major downside of Trump's ‘America First' policy - and offers an early warning to the Fed

    Turkey's currency panic reveals a major downside of Trump's ‘America First' policy - and offers an early warning to the Fed

    2 monthes ago - By Business Insider

    Turkey's currency crisis has lurched on to the global stage, denting European and US stocks as fears of contagion rise.
    The country's economy was already in trouble, but the lira's selloff was heavily compounded by Donald Trump's announcement that he was doubling tariffs on Turkish steel and aluminum.
    The boomerang market effect showed just how interconnected the global economy and markets remain, making it difficult for Trump to pursue an isolationist stance, and for the Fed to continue raising interest rates.
    Turkey's currency crisis spilled loudly on to the global stage Friday as other...
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