Turkish lira depreciated to the dollar as much as possible amid Trump-imposed duties

The Turkish lira has fallen in price against the dollar to the maximum, falling 0.83% below - the mark of 35.9967. This was reported by the Turkish newspaper Diken on Monday, February 3, citing trading data.

"As of 15:10 current prices are as follows: dollar - 35.9967 lira, euro - 36.9386 lira, a gram of gold - 3,242,708 lira," the report said.

As "Gazeta.Ru" added , the currency has been continuously depreciating against the dollar since June 2024.

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Earlier in the day, it was reported that the Indian rupee fell below the mark of 87.145 against the US dollar.

Trump signed an executive order on February 1 to impose trade tariffs of 25% on goods from Canada, China and Mexico. Then he also promised to impose duties on goods from the EU. With this decision, Trump seeks to reduce the flow of the opioid fentanyl across the border, as well as the flow of migrants.

On February 2, German Vice Chancellor Robert Habeck announced the EU's readiness to impose retaliatory duties against the United States.

Chinese economist Andrew Leung, in turn, told Izvestia that the tariffs imposed by Trump on imports of goods from China and Mexico will lead to an increase in consumer prices in the United States itself.