The government of Turkey has ordered its citizens to boycott US electronic products. The order came today after the sanctions or double tariff levied on Turkish goods by US president Donald Trump,”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!” President Donald Trump tweeted Friday. “Our relations with Turkey are not good at this time!” The tensions between USA and Turkey started when Turkey jailed a US pastor and denied his release from house arrest. Turkey president Recip Tayyip Erdogan described the US move as a stab on the back. Other countries have promised to trade with Turkey irrespective of the Washington actions.
According to CNN, “The lira is now down more than 40% against the dollar since the start of the year, making it far harder for Turkish companies to pay back loans they have taken out in the US currency.”
within months, the lira has significantly witness a drope of 40% against the US dollar
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