The Turkish Lira crisis, which was triggered by the deterioration of the relationship between the United States and Turkey, is still continuing, and the Turkish government has once again “overweighted†the dispute. In response to US sanctions, Turkish President Erdogan signed an order on August 15 to impose import duties on some of the goods produced in the United States. According to the presidential decree, the tariffs on goods including alcohol increased to 140%, the automobile tax rate rose to 120%, the cigarette and cosmetics tax rate rose to 60%, and the rice tax rate rose to 50%. Erdogan had revealed that Ankara would boycott US electronics in response to Washington sanctions. He said: "The United States has an iPhone, but other countries have Samsung. Turkey also has a local mobile phone brand Venus Vestel, which can also be used." Erdogan said that this move was taken in response to "the United States’ deliberate attack on the Turkish economy." He said: "The Turkish economy is suffering from economic attacks. These measures were relatively secret in the past, but now they are open and targeted. We can do two things: show economic and political positions." On August 10, US President Trump announced that the import tariffs on Turkish steel and aluminum products were raised to 50% and 20%, respectively, resulting in a sharp drop in the Turkish lira exchange rate to a historical low of 7.1326 lira. On the evening of August 14, Turkish Finance Minister Berat Alba said that Turkey will continue to take measures in the banking and enterprise sectors. The central bank decided to relax the liquidity of the banking system to stabilize market sentiment and reduce corporate foreign exchange crisis. Fighting people who are trying to fight Turkish confidence." He pointed out that Turkey will defend the Turkish lira, Lira will strengthen in the next time, and the dollar has lost credibility, "has become a tool of political punishment." Flexible Hose,Faucet Hose,Bathroom Metal Hose,Braided Plumbing Hoses kaiping aida sanitary ware technology co.,ltd , https://www.aidafaucet.com
Turkey imposes import tariffs on some US goods
Abstract The Turkish Lira crisis, which was triggered by the deterioration of the relationship between the United States and Turkey, is still continuing. The Turkish government has once again “overweighted†the dispute. In response to US sanctions, Turkish President Erdogan signed an order on August 15 to impose import duties on some of the goods produced in the United States. According to the president...