Turkey Has Only Its President To Blame For Its Financial Crisis
Despite being a long-time NATO member, Turkey under the leadership of President Tayyip Erdogan no longer acts like an ally.
By Helen Raleigh
August 17, 2018
After President Trump tweeted last Friday that he authorized “a doubling of Tariffs on Steel and Aluminum with respect to Turkey,” the Turkish lira fell more than 20 percent against the U.S. dollar during Friday’s trading. Since the value of the lira has already dropped more than 60 percent this year, Turkey is at the brink of a financial disaster.
More:Turkey Has Only Itself To Blame For Its Financial Crisis