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Wednesday, August 15, 2018

Turkish President And American President Fight Dirty Over Trade Deal

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Turkey's President Recep Tayyip Erdogan said Tuesday his country will boycott U.S. electronic goods following President Donald Trump's move to increase duties on steel and aluminum from Turkey.


The escalating trade dispute between the two nations, NATO allies, comes amid an argument about imprisoned American pastor Andrew Brunson. The Trump administration has placed sanctions on Turkish officials for failing to release him.
The tariff increases, to 20 percent for aluminum and 50 percent for steel, would double the U.S.'s existing ones on imports from Turkey of those commodities.
"If (the United States) has the iPhone, there's Samsung on the other side," Erdogan said in a televised speech, referring to the Apple smartphone and its main South Korean rival brand. "We (also) have our Venus and Vestel," he said, referring to Turkish smartphones. It was unclear how Erdogan intended to enforce the boycott.

Turkey's state-run Anadolu Agency said the country's finance minister would address foreign investors on Thursday. In his speech, Erdogan also renewed a call for Turks to convert their dollars into the Turkish lira, to help strengthen the currency.

The growing diplomatic dispute has helped accelerate a months-long decline for the lira currency. It has dropped 45 percent this year, although it stabilized Tuesday near record-lows. The lira was up 6 percent to around 6.55 per dollar Tuesday in the wake of an injection of money into the economy from Turkey's central bank on Monday.

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FACEBOOK COMMENTS

Emeka Falake

no longer Iran and China, now Turkey. One week one trouble for Trump
2

Endy Edeson

@Emeka: Well, if Turkey hadn't detained American pastor, Trump wouldn't have slammed the tariff increase. America First.

Yemisi Frank

This trade war sounds childish to me

Chukwuma Chimankpa Chukwuma

Watin the pastor do?

Faith Kinika

I hope it won't get to Nigerian turn to be sanctioned someday.

Endy Edeson

@Chukwuma; Here is how it happened.

U.S. President Donald Trump is calling on Turkish President Recep Tayyip Erdogan to release an American pastor who has been in prison for two years awaiting trial on terrorism charges.
A Turkish court Wednesday ordered Andrew Brunson to remain in jail until his next hearing on October 12. Brunson was arrested in 2016 and charged with supporting followers of U.S.-based Turkish cleric Fethullah Gulen, who has been blamed by Ankara for the failed 2016 coup against President Erdogan. Brunson is also accused of assisting the outlawed Kurdish insurgent group PKK.
Trump called Brunson's continued detention "a total disgrace" in a post on Twitter hours after the court hearing. "He has been held hostage far too long," the president tweeted. "@RT_Erdogan should do something to free this wonderful Christian husband & father. He has done nothing wrong, and his family needs him!".

@Faith: Nigeria will forever remain loyal to United States policies
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