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Title : Trump Weaponizes Tariffs Against Turkey!

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Trump Weaponizes Tariffs Against Turkey!

President Donald Trump has announced that he has authorized doubling tariffs on imports of Turkish steel too aluminum.

Trump tweeted:

I accept only authorized a doubling of Tariffs on Steel too Aluminum amongst honor to Turkey equally their currency, the Turkish Lira, slides apace downward against our real rigid Dollar! Aluminum volition forthwith hold out 20% too Steel 50%. Our relations amongst Turkey are non skillful at this time!

— Donald J. Trump (@realDonaldTrump) August 10, 2018

It should hold out noted that Trump is non doing this for economical reasons but for political reasons.

Benn Steil correctly observes:

Tariffs accept boot the bucket Trump's go-to policy for everything, from cutting the merchandise deficit (which they won't) to protecting national safety (a transparently ludicrous pretext) to only evidently bullying.
https://t.co/fBJ4a4APlo via @bpolitics

— Benn Steil (@BennSteil) August 10, 2018

-RW  

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