Turkish President Erdogan says the lyre accident in the midst of a dispute with the US. UU It is a political plot & # 039;

Turkish President Recep Tayyip Erdogan said the lira accident is a

The president of Turkey has criticized the fall of the lira as a "political plot" in the midst of a dispute with the United States and Donald Trump.

Recep Tayyip Erdogan said that his country will seek "new markets, new partnerships and new allies" after Trump announced higher tariffs on imports from Turkey.

"The objective of the operation is to make Turkey surrender in all areas, from finance to politics," Erdogan told members of his party in the city of Trabzon, on the Black Sea.

Turkish President Recep Tayyip Erdogan said the lira accident is a "political plot" by the United States.

President Donald Trump said on Friday he had authorized higher tariffs for imports from Turkey. Represented in July with Erdogan at the NATO summit

President Donald Trump said on Friday he had authorized higher tariffs for imports from Turkey. Represented in July with Erdogan at the NATO summit

President Donald Trump said on Friday he had authorized higher tariffs for imports from Turkey. Represented in July with Erdogan at the NATO summit

"Once again we are faced with a political, clandestine plot, with the permission of God, we will overcome this."

The development comes after US President Donald Trump said on Friday he would impose a 20 percent tariff on aluminum and another 50 percent on steel.

Tensions have increased between the two NATO allies over the detention of several Americans by Ankara and other diplomatic issues.

I've just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey since its currency, the Turkish Lira, is rapidly sliding down against our very strong Dollar. Trump said in a morning publication on Twitter.

In a statement, the White House clarified that Trump had authorized the preparation of documents to increase steel and aluminum tariffs. He did not say when the rates would come into effect

In a statement, the White House clarified that Trump had authorized the preparation of documents to increase steel and aluminum tariffs. He did not say when the rates would come into effect

In a statement, the White House clarified that Trump had authorized the preparation of documents to increase steel and aluminum tariffs. He did not say when the rates would come into effect

The euro fell sharply against the dollar after the announcement, as it was reported that the European Central Bank was concerned about the performance of the lira and the impact it was having on European financial institutions.

The euro fell sharply against the dollar after the announcement, as it was reported that the European Central Bank was concerned about the performance of the lira and the impact it was having on European financial institutions.

The euro fell sharply against the dollar after the announcement, as it was reported that the European Central Bank was concerned about the performance of the lira and the impact it was having on European financial institutions.

After plummeting dramatically, the Turkish lira recovered slightly to 6.4 against the US dollar.

After plummeting dramatically, the Turkish lira recovered slightly to 6.4 against the US dollar.

After plummeting dramatically, the Turkish lira recovered slightly to 6.4 against the US dollar.

& # 39; Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at the moment!

In a statement, the White House clarified that Trump had authorized the preparation of documents to raise steel and aluminum tariffs through its authority under Section 232 of the US commercial law. UU He did not say when the rates would come into effect.

Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for refusing to release US pastor Andrew Brunson, who was in custody since 2016 on terrorism and espionage charges that Washington says are false.

The euro fell sharply against the dollar after the announcement, as it was reported that the European Central Bank was concerned about the performance of the lira and the impact it was having on European financial institutions.

It went down about 0.5 percent to trade at $ 1,146 on Friday morning.

A Financial Times report said the ECB was concerned that Turkish citizens would begin to default on their loans. Foreign loans represent 40 percent of total assets in the Turkish banking sector, CNBC reported.

The Turkish lira also collapsed before recovering slightly to 6.4 against the dollar.

US pastor Andrew Brunson is seen here on July 25 in Turkey after being released by the government for house arrest

US pastor Andrew Brunson is seen here on July 25 in Turkey after being released by the government for house arrest

US pastor Andrew Brunson is seen here on July 25 in Turkey after being released by the government for house arrest

The lira fell to 14 percent on Friday, amid concerns about the influence of Erdogan, in the photo with his wife Emine, on monetary policy and the worsening of relations with the United States.

The lira fell to 14 percent on Friday, amid concerns about the influence of Erdogan, in the photo with his wife Emine, on monetary policy and the worsening of relations with the United States.

The lira fell to 14 percent on Friday, amid concerns about the influence of Erdogan, in the photo with his wife Emine, on monetary policy and the worsening of relations with the United States.

Trump's announcement that he would double tariffs on Turkey's metal imports came less than an hour after Turkish President Tayyip Erdogan urged his country to help him defend the nation against an "economic war."

Erdogan appealed to a crowd in the city of Bayburt to exchange dollars and gold for the Turkish lira to prop up the growing currency.

Erdogan framed Turkey's currency crisis as a "national battle" against economic enemies, namely the US. UU., Saying that "if they have their dollar, we have the people, we have Allah."

The United States imposed tariffs of 25 percent on steel and 10 percent on aluminum in March for imports from a variety of countries.

Since then, its relationship with Turkey, the sixth largest steel importer in the US. UU., The world's largest steel importer, has deteriorated, prompting Ankara to send a delegation to Washington this week to meet with the State Department and the Treasury Department.

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