Monday, 20 August 2018
Latest news
Main » Turkish president Erdogan rails against United States tariffs in media offensive

Turkish president Erdogan rails against United States tariffs in media offensive

13 August 2018
Turkish president Erdogan rails against United States tariffs in media offensive

"These are the bullets, cannonballs and missiles of an economic war waged against our country", he said. "This is Turkey", he said.

The New York Times suggested that Trump could also be trying to offset the effects of Turkey's weakened currency on the existing tariffs.

Erdogan on Friday held telephone talks with Russian President Vladimir Putin, discussing economic and trade issues as well as the Syria crisis.

But Israel released that woman last month, and pastor Andrew Brunson of North Carolina remains in a Turkish prison.

On Friday, the Turkish currency plunged to another record low amid concerns over Erdogan's unorthodox economic policies and a diplomatic row with the United States that has led to sanctions. Turkish President Recep Tayyip Erdogan said at a rally in the city of Rize on Saturday that Ankara is ready to trade with its partners in national currencies.

Turkish President Recep Tayyip Erdogan speaks during a press conference at the Presidential Complex in Ankara where he announced the upcoming electoral timetable on April 18, 2018.President Recep Tayyip Erdogan called snap elections in Turkey for June 24, bringing the polls forward by over a year-and-a-half to sharply accelerate the transition to a new presidential system. Financial upheaval risks further destabilising an already volatile region.

"I am asking you". He said this during a speech in the town of Unye (Turkey).

A Turkish waits to change his USA dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday. "You are exchanging your strategic partner in North Atlantic Treaty Organisation for a priest".

He also repeated his call to Turks to sell their dollar and euro savings to shore up the lira. "Immediately give these to the banks and convert to Turkish lira and by doing this, we fight this war of independence and the future", he said.

The lira sell-off has deepened worries particularly about whether over-indebted firms will be able to pay back loans taken out in euros and dollars after years of overseas borrowing to fund a construction boom, Reuters reported. But invoking national security is the only way to square Trump's policy with USA law and WTO rules.

In another opinion piece in the pro-government newspaper Daily Sabah, Mr Erdogan's spokesman, Mr Ibrahim Kalin, said Turkey's efforts to solve the crisis diplomatically had been dismissed by the Trump administration, warning Washington it might completely lose Ankara as an ally.

A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the USA, which President Donald Trump stoked further with a promise to double tariffs on the North Atlantic Treaty Organisation ally.

The president has declared that American importers' reliance on foreign metals poses a national security risk to the United States, and he also has increased the cost of these imports on Japan, Turkey and members of the European Union, the paper reported.

Writing on Twitter, Iran's Foreign Minister Mohammad Javad Zarif also accused Washington of an "addiction to sanctions and bullying".