Erdogan slams US for preferring terrorists as partner
Aug 14, 2018, 04:54
The escalation came after Washington's ultimatum for Ankara to release and repatriate American pastor Andrew Brunson, detained in Turkey since 2016, lapsed on Wednesday, despite intense diplomatic engagement over the last week.
The sudden announcement turned a run on the Turkish lira into a rout; it crashed more than 18 percent to a new record low against the dollar.
The lira tumbled about 10 percent on Friday to another record low as investors worry about Erdogan's unorthodox economic policies and USA sanctions.
The White house said he had authorised the move under Section 232 of US trade law, which allows for tariffs on national security grounds.
Turkey also wants the United States to extradite Fethullah Gulen, a Pennsylvania-based Muslim cleric who Turkish authorities say masterminded the coup attempt against Erdogan in which 250 people were killed. "Its aim is to force Turkey to surrender in every field from finance to politics, to make Turkey and the Turkish nation kneel down", Erdogan in Trabzon on Sunday.
The currency's drop - 41 percent so far this year - is a gauge of fear over a country coming to terms with years of high debt, worldwide concern over President Recep Tayyip Erdogan's push to amass power, and a souring in relations with allies like the U.S.
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Turkey, home to the Incirlik air base which is used by USA forces in the Middle East, has been a North Atlantic Treaty Organisation member since the 1950s.
Erdogan appealed to a crowd in the city of Bayburt to exchange dollars and gold for Turkish lira to prop up the plunging currency.
Walters did not offer any explanation as to how U.S. national security is threatened by steel and aluminum imports from Turkey, which hosts a major United States military base.
Erdogan said his decision to sanction the U.S.in retaliation for American sanctions was to convey that Turkey "does not respond to threats".
US President Donald Trump had earlier announced doubling of the already substantial Section 232 steel tariffs on imports from Turkey to 50 per cent. The U.S. imported about 4,500 tons of aluminum bars, rods and profiles from the country in 2017, according to World Bank statistics.
The minister of trade, Ruhsar Pekcan, reacted to the news of the new sanctions in measured tones, pleading for a return to negotiations.
"The ATC implores the Trump Administration to reconsider this escalation of a trade war that is without winners and to resolve this dispute at the negotiating table", it said. This article is strictly for informational purposes only.
European stocks closed sharply lower on Friday amid fears that problems in Turkey could infect other eurozone countries.
Many are beginning to doubt his reign in charge at Old Trafford after an average pre-season and a lack of transfer activity. They have had the opportunity to learn from Jose Mourinho and Michael Carrick, plus the other coaches.
He swore he would not support the ruling party he controlled for decades at the polls, saying: "I can not vote for ZANU-PF". He made the comments after Mugabe said he would vote for the opposition in Monday's election.
Musk on Tuesday proposed taking Tesla private at $420 a share, about 11% higher than the day's closing stock price. The Tesla board responded to the proposal earlier Wednesday morning, indicating that it is evaluating things.
Former UK Independence Party leader Nigel Farage tweeted that Jones was " the victim today of collusion by the big tech giants ". At least, that's what his lawyer told a judge when Jones was embroiled in a custody battle with his ex-wife a year ago .
At the time of the doctor's death, former President Bush called him "a fantastic cardiologist and a good man". Acevedo told reporters that evidence indicated Pappas put a lot of planning into the alleged crime.
Either way, Bakayoko has intense competition in Cesc Fabregas, Ross Barkley, Jorginho, N'Golo Kante and possibly Mateo Kovacic . The Brazilian was late in turning up for pre-season, which new manager Maurizio Sarri was not too happy about.
But many experts say those are neither irrevocable nor serious steps that could show the country is honest about denuclearization. But they did not agree on details, which will be further discussed through working-level talks, the ministry said.
Of course, Meghan Markle was there to cheer on her husband, choosing a denim Carolina Herrera dress for the occasion. After his team won by 5-4, Meghan presented the trophy to her husband and team captain Nacho Figueras .
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