All the day´s economy and financial news, as Ankara hikes the tariffs on US rice, spirits and cars..and gets a cash boost from QatarBreaking: Qatar to invest $15bn in TurkeyMarkets suffer losses as worries mountEarlier:Turkey hits US with new tariffsRice, spirits and cars all hitTurkey: We´re responding to US attacksLira rallies, as Turkish regulators tighten swap rules 6.37pm BST Time for a recap:Qatar has come to Turkey´s aid today, pledging to invest $15bn in the country to help it ride out its currency crisis. The offer came as Turkish president Erdogan hosted Sheikh Tamim bin Hamad Al-Thani, emir of the Gulf state (photos).The limits on shorting the Lira taken by Ankara have halted the slide in the currency, which has firmed over 4% after its 20% decline, easing contagion fears and cooling the threat on financials.Whilst this is a short-term measure, its doing the trick for now. However, it was the more confrontational move by Ankara to raise tariffs on American cars, alcohol, cigarettes, escalating tensions with the US that has caught the market´s attention and increased flows into safe havens such as the Japanese Yen and Swiss Franc. Related: Turkish lira rallies as Qatar makes $15bn loan pledge 6.20pm BST Political scientist Soner Cagaptay of the Washington Institute believes Qatar´s help could be crucial for Turkey. He also points out that Ankara stood with Doha during last year´s blockade drama; Erdogan loyalty then could be paying off now (as explained earlier).Among the Middle East`s most durable alliances TUR-QA: Qatar proves Turkey`s lifeline, as Ankara has been Doha`s in the GCC-Qatar split https://t.co/2zIlEPJVgFBig deal that could build investor confidence in Turkey, staving off potential economic collapse. The Qataris believe Turkish troop deployment saved them from Saudi-UAE invasion during the 2017 #Qatar-#GCC crisis. This may be how Qatar is paying back the favor #TurkeyCrisis https://t.co/tgUEYsrHGE 6.02pm BST With a dull clunk, the copper ...
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