"I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!, " Trump said in a message.
Following the message, the Turkish Lira has renewed its record loss against USD, Euro and Sterlin.
The USD rose to 6.38 Liras, Euro to 7.31 and Sterlin exceeded 8 Liras.
The US Congress has recently halted sales of F-35 fighter jets to the Turkish state, and the Trump administration has announced sanctions against two Turkish ministers.
Reporter's code: 50101