Turkey doubled tariffs on some US imports including alcohol, cars and tobacco on Wednesday in retaliation for US actions, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency, Reuters reported. A decree signed by President Recep Tayyip Erdoğan doubled Turkish tariffs on passenger cars to 120 percent, on alcoholic beverages to 140 percent...
from merihnews http://www.merihnews.com/2018/08/15/turkey-doubles-tariffs-on-some-us-imports-as-lira-rallies/
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