MercoPress. South Atlantic News Agency
Tag: Turkish Lira
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Friday, August 17th 2018 - 10:26 UTC
US/China announcement of trade talks come as a relief to world markets
The dollar stepped back from 13-1/2-month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world’s two largest economies will find a way to head off a full-blown trade war.
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Thursday, August 16th 2018 - 14:48 UTC
US condemns Turkey's doubling of tariffs on US imports: “a step in the wrong direction”
The White House on Wednesday condemned Turkey’s doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action “a step in the wrong direction.” Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira.
