In August, Turkish lira met a sharp drop by 18 percent, the biggest in a single day since the Turkish financial crisis in 2001. The fall of lira came after Trump’s announcement that the tariffs on steel and aluminum imports from Turkey would be doubled. Turkey is the eighth largest steel producer in the world and the sixth largest source of U.S. steel imports.
On November 17, protests erupted in France against the government’s plan to increase the fuel tax next year in the name of combating climate change. The protest developed into the Yellow Vest movement, getting its name from the fluorescent roadside security jackets worn by the demonstrators.