Trump intensified the alarm on financial markets with his new tweet doubling the tariffs, noting for good measure the lira was sliding "rapidly downward against our very strong Dollar!".
Turkey exported $1.04 billion (€0.91 billion) worth of steel and $60 billion worth of aluminum to the USA in 2017, according to the Hurriyet newspaper.
"Change the euros, the dollars and the gold that you are keeping beneath your pillows into lira at our banks".
The tweet is another salvo in the growing dispute between Turkey and the U.S.
The lira hit a record low of 6.24 per dollar on Friday, before recovering to 5.94, down 7 percent on the day. "The cheap lira actually can help increase their export volume", said George Gero, a managing director at RBC Wealth Management who follows metals markets.
Lapid's praise for Trump came after the United States president announced the doubling of steel and aluminumtariffs on Turkey.
Emerging market stocks lost 1.66 percent, while the Mexican peso, a proxy for emerging market currencies, shed 1.29 percent to the dollar.
The dollar rose as exposure to Turkey could impact European banks and spark a domino effect as people begin to pull out of those banks and into USA assets, said Gregan Anderson, macroeconomic strategist at brokerage Bulltick LLC. U.S. President Donald Trump introduced a round of sanctions on August 1, preventing the Turkish justice an interior ministries from doing business with U.S. businesses.
It argued that the country accounted for less than 2 percent of group revenues and a 10 percent fall in the lira would affect its CET1 ratio - capital that must be set aside as a buffer against financial shocks - by only around 2 basis points.
El Pocophone F1 , uno de los móviles más misteriosos hecho por Xiaomi , aparece en un unboxing bastante extenso funcionando. Mucho se ha estado hablando durante las últimas semanas del Xiaomi Pocophone F1 .
El hombre quedó detenido con prisión preventiva acusado de abuso sexual con acceso carnal agravado por el vínculo. Esto permitió que la chica develara el abuso y, finalmente, el hombre fue acusado por la fiscalía.
The 23-year-old spent last season on loan at Stoke but was unable to save them from relegation to the Sky Bet Championship . It might be hard for him to get regular playing time at Chelsea this season, so sending him out on loan makes sense.
Domitrovich added that Simon had no business photographing anyone in the restaurant and was generally annoying, police said. He told officers that Simon was taking pictures of him and harassing him while he minded his own business.
It's also recommending that residents reduce their time spent outside during dusk and dawn, wear long sleeves and long trousers . But the elderly and those with compromised immune systems can become seriously ill and could die.
Those with amateur telescopes may be able to see some ice caps on the planet and definitely some colouration, according to Kelly. On the evening of Aug.12 to the morning of Aug.13, stargazers will see the best show the Perseid Meteor Shower has to offer.
The meteor shower started to break out into the night sky around mid-July and will carry on through to the last week of August. But if you just look up while you're walking on the pavement, you still probably won't see them.
Registran el ingreso diario de 4.200 venezolanos a Ecuador
El decreto apunta a "dar una respuesta eficiente y convincente en ayuda de las personas que ingresan al territorio ecuatoriano ". La mayoría solo está de paso por Ecuador en camino al sur, hacia Perú y Chile , donde hay más oportunidades de trabajo.
All 20 Marvel Cinematic Universe movies are coming to IMAX
And it all gets underway later this month, when the Marvel Cinematic Universe storms theaters for an unforgettable week of movies. Each film will screen in order, followed by two theme days celebrating origin stories and team-up movies.
Kerala: Death toll rises to 26, CM calls emergency meeting
All of the dam's gates being opened will heighten concerns of extreme flooding along the banks of the rapidly swelling Periyar. The northern districts of Palakkad and Malappuram and the hilly districts of Wayanad and Idukki were reeling under floods.
Bird electric scooters arrive in Cleveland
The interim agreement allows Bird to place up to 500 scooters on streets with the city's permission. They got a maximum of 15 mph, last 15 miles on a charge and are only available during the day.
Identificaron a otros tres soldados caídos en Malvinas
Lograron identificar a tres nuevos soldados caídos en la Guerra de Malvinas que estaban sepultados en el cementerio de Darwin. Post norte, ambos fueron ascendidos al rango de Cabo y les fue otorgada la medalla " La Nación Argentina al Valor en Combate".
Messi succeeds Iniesta as new Barcelona captain
Messi's elevation to captain comes 14 years after he made his senior debut for the club, as a 17-year-old in 2004. Barcelona's decision can be attributed not only to the La Masia connection but also to time served at the club.
Fedefutbol se molesta con Almeyda
Dejó en claro que no existe ningún tipo de acuerdo y que el único acercamiento que tuvieron con El Pelado fue una videollamada . La declaración afirma que sí lo buscaron, pero no es una prioridad, ya que la información se ha tergiversado.