US Congress Moves on Tariffs Targeting Turkey

The US House Rules Committee will consider a sanctions package against Russia on September 14. The bill proposes additional tariffs of up to 100% on exports to the US for the largest buyers of Russian oil and natural gas. Turkey is among the critical countries listed. The measure aims to restrict US market access for countries that heavily import Russian energy resources. The additional tariffs would be applied on top of existing duties under current trade agreements. If the bill becomes law, affected countries are expected to face increased costs in their exports to the US. Turkey's inclusion on the list could create new uncertainty in US-Turkey trade relations. The additional tariffs may pressure exporting sectors and lead to shifts in supply chains. Markets are closely monitoring the bill's progress and potential sanctions steps. Not investment advice.

📊 EURTRY — Piyasa Yorumu

▼ down · 60%

The news of the US Congress's tariff move against Turkey could create pressure on the Turkish lira, weighing on the EURTRY pair. However, technical indicators already point to a weak trend: RSI is at 38, and MACD is in negative territory, below the signal line. The price is trading below the SMA20 and SMA50, supporting a short-term bearish trend. The impact of the news may be limited, as the market may have partially priced in the tariff risk. Nevertheless, with expectations of TL depreciation, there is a possibility of an upward reaction in EURTRY; therefore, it would be more accurate to assess the direction not as 'down' but as 'up' for EURTRY due to TL weakness. However, since the question asks for the direction of EURTRY, the tariff news is negative for the TL, so upward pressure on EURTRY is expected; technical indicators, on the other hand, are bearish. Due to this contradiction, it is difficult to specify a clear direction; therefore, it is safer to say 'neutral'.

RSI 14

38.3

MACD

-0.03

24h Δ

-0.25%

📊 USDTRY — Piyasa Yorumu

▼ down · 55%

The US Congress's tariff move against Turkey could create short-term pressure on the Turkish lira and increase upside risk in USDTRY. However, the current technical picture is weak: the price is below the SMA20 and SMA50, RSI is at 43 (neutral-weak), and MACD is below the signal line. Therefore, the impact of the news may be limited and selling pressure could continue. Nevertheless, geopolitical/trade news flow could increase volatility; if the pair remains below 48.50, supports at 48.20-48.00 may be tested. Conversely, closes above 48.60 could shift the balance.

RSI 14

43.5

MACD

0.01

24h Δ

-0.16%

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