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Thursday, August 16, 2018

The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs

The lira surged 7% after Turkey hit back at US ‘attacks’ by slapping American cars, alcohol, and tobacco with huge tariffs

LONDON – Turkey’s downtrodden currency, the lira, surged Wednesday morning hours after the country’s government levied significant tariffs against American goods in response to what it has called “deliberate attacks” against its economy by the US.

More:The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs