Rejep Erdogan lashed out at the US after shares of local companies fell to annual lows. After the announcement by Donald Trump of double taxation on steel and aluminum exports, the Turkish lira lost almost 20% during the Friday trading session, in all weakening against the dollar by 45% this year.
Against the backdrop of the deterioration of trade relations, all emerging markets subsided. Asian indices fell by 2.2%.
Elon Musk described how he plans to turn Tesla into a private company. It turned out that he was negotiating with the Saudi Public Investment Fund, which expressed interest in buying part of the company.
US tariffs against China continue to slow their economy; at the moment the aggregate lending in July was 1.04 trillion yuan against 1.39 for June.
The Indian rupee also weakened as much as possible against the US dollar.
