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Article snippet: MORE said Friday that the U.S. will double tariffs on steel and aluminum imported from Turkey, as relations between the NATO allies worsen. Trump tweeted Friday that he authorized raising tariffs on Turkish steel to 50 percent and on aluminum to 20 percent as the country’s currency falls rapidly against the U.S. dollar. “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! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!,” Trump tweeted. “As he stated, the president has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey," said White House spokeswoman Lindsay Walters in a statement. The lira dropped 11 percent against the U.S. dollar Friday as Turkish President Recep Tayyip Erdoğan warned of a global economic war against his country. Trump's tweet brought the lira down another 3 percentage points, according to CNBC. Turkish financial markets have panicked over concerns about the country's fiscal health, the souring of U.S.-Turkey relations, and Erdoğan's economic policy, according to The Associated Press. Erdoğan said the currency drop was the result of a “campaign” to injure Turkey and called on citizens to convert their U.S. dollars, euros and gold into lira, according to the AP. “If they have their dollar, we have the people, we have Allah... Link to the full article to read more