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The Turkish Lira against the US Dollar

president Donald Trump has made it very clear in a tweet that reads “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%.

Damage Control in Turkey-US Relations

However, given President Erdogan’s treatment of the issue, the continuation of diplomatic contact between the two countries at the highest level of crisis, and the preferences of President Trump, an expectation emerged that will help to overcome the Brunson crisis.