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U.S. Turkey Trade War


August 2018
The U.S. announced on August 10, 2018 its intention to double the tariffs on imports Of aluminum and steel from Turkey.
The new tariffs will be now 20% on aluminum and 50% on steel.


Turkey Interest Rise


May 2018
The Turkish central bank raised on May 23 the Turkish interest rate from previous 13.5% rate to 16.5% in order to stabilize the drop of the Turkish currency.
From the beginning of this year The Turkish currency dropped by 15.3% compared to the U.S. dollar.


Turkey Japan Nuclear Plant Deal


May 2013
Turkey signed on May 3 a $ 22 billion deal with a Japanese French consortium to build Turkey's second nuclear plant in the city of Sinop along the black sea.

Turkey 1.8% GDP Growth


September 2012
According to a release by OECD published on September 13, 2012 the GDP in Turkey grew in the second quarter of 2012 by 1.8% compared to a decrease of 0.1% in the first quarter of 2012.
The Turkish grows of 1.8% equals the 1.8% growth of China in the second quarter of 2012, compared to a growth of 1.6% in the first quarter.


Turkey Credit Rating Downgrade


May 2012
The credit rating agency S&P downgraded on May 3, 2012 Turkey's long term rating from positive to stable expressing concern about the Turkish government debt.
The Turkish prime minister Mr. Erdogan reacted angrily to S&P's downgrade, "From now on we do not recognize you as a credit rating agency anymore".







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