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A reeling Turkey has responded to U.S. tariffs with retaliatory duties on U.S. passenger cars, alcohol, tobacco, cosmetics and other products. Tariffs on cars are set to rise by 120% and those on made-in-the-U.S. alcoholic drinks by 140%, alongside a 60% increase on tobacco products. The move comes amid increasing fears of contagion from Turkey's collapse. The lira - which managed an 8% bounce yesterday - is up