Tag Archives: US imports

Turkey doubles tariffs on some US imports; lira rallies

08 August, 2018 7:53 pm 7:53 pm

ISTANBUL (Reuters) – Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency. Ankara acted amid increased tension between the two NATO allies over Turkey’s detention of a … Read More