Turkey taking action to ease market concerns

Passersby using umbrellas struggle against a heavy rain and wind in front of an electronic stock quotation board as Typhoon Shanshan approaches Japan's mainland in Tokyo Japan

US President Donald Trump said on Friday he had doubled steel and aluminium tariffs on Turkey, which pushed the Turkish lira to new historic lows against the dollar. While some are anxious that making an enemy out of Turkey will only result in grave consequences, others seem to have no qualms about walking away from America's alliance with the nation.

The kiwi lost 2 percent on Thursday after the Reserve Bank of New Zealand surprised the market by committing to holding rates at record lows until the end of 2020.

Trump said the tariffs on aluminum imports would be increased to 20 percent and those on steel to 50 percent as the Turkish lira "slides rapidly downward against our very strong Dollar!"

During Sunday's meeting, President Recep Tayyip Erdoğan also said that the fluctuation in the Turkish lira is a plot against Turkey, but the Turkish people will not give in.

The comments come amid a spat between the U.S. and Turkey over Ankara's jailing of an American pastor on spying charges.

Erdogan said Turkey would be looking to form alternative economic alliances with "Iran, to Russian Federation, to China and some European countries".

"The price of the food that I buy increases day by day, the fuel that I put in my vehicle to distribute lunches is more expensive, but I can not raise my prices from one day to the next", she said. Do not take a stance saying, "We are bankrupt, we are done, we should guarantee ourselves.' If you do that, that would be wrong. You should know that to keep this nation standing is. also the manufacturers' duty". The reason for this was "the case of Branson", the American pastor, who is now on trial in Turkey on charges of terrorism.

"We are never accepting this order which declared economic war to the entire world and which held countries to ransom through sanction threats", he added, referring to the United States administration.

Читайте также: Fantasy fallout: Derrius Guice will miss rookie season due to tore ACL

"Some close the doors and some others open new ones", he added.

"We can only say "good-bye" to anyone who sacrifices its strategic partnership and a half century alliance with a country of 81 million for the sake of relations with terror groups", Erdogan said.

"You dare to sacrifice 81-million Turkey for a priest who is linked to terror groups?", he stressed.

The US has repeatedly demanded the release of American and threatened sanctions against Ankara. "Our relations with Turkey are not good at this time!" he added. Trump has described his detention as a "total disgrace" and urged Erdogan to free him immediately.

Turkey was reportedly the sixth largest steel importer to the United States.

The two sides seemed to have failed to resolve the deadlock though bilateral talks in Washington earlier this week during the visit of a Turkish delegation headed by Deputy Foreign Minister Sedat Onal and made up of officials from Turkey's justice, finance and foreign ministries.

Turkey and the United States are now experiencing rocky relations after the US imposed sanctions last Wednesday on two Turkish ministers over the continued detention of USA pastor Andrew Brunson, who faces terrorism charges and up to 35 years in prison if found guilty.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

Hot News

isis-killer-beheading-video-story-top Senior Zimbabwe opposition figure Tendai Biti arrested at border
Авг 12, 2018 - 16:22
There was great optimism that the elections would bring real change after the end of Robert Mugabe's 37-year rule in November. The Zimbabwe elections body, ZEC, declared Mnangagwa victor of the hotly contested polls with 50.8% of valid votes cast.

isis-killer-beheading-video-story-top Ryanair Strike: Hundreds of Flights Canceled During Peak Holiday Season
Авг 12, 2018 - 16:19
Despite the walkouts, 85pc of its scheduled flights , more than 2,000, will operate as normal, Ryanair said . Ryanair built its low-priced business model without unions but said a year ago it would recognize them.

isis-killer-beheading-video-story-top United States waging "economic war" against Turkey
Авг 12, 2018 - 16:15
On Friday the currency dropped as much as 18 percent at onepoint, the biggest one-day fall since a 2001 financial crisis inTurkey. The Lira has lost almost a third of its value this year, as relations with the United States have become increasingly strained.

isis-killer-beheading-video-story-top Samsung unveils new Note 9
Авг 12, 2018 - 16:11
The camera will also alert you to any imperfections in your shot, like if it's too blurry or if someone blinked at the wrong time. Purists can turn the feature off to get images that reflect what the eye sees - an option unavailable with Pixel.

isis-killer-beheading-video-story-top Historic Parker Solar Probe Launches This Weekend
Авг 12, 2018 - 16:10
It will be used to help slow the probe, like pulling on a handbrake, and orient the probe so it's on a path to the sun. Sometimes, some of these particles escape from our star's atmosphere, and spread throughout the solar system.

isis-killer-beheading-video-story-top Jose Mourinho rails against negative media coverage
Авг 11, 2018 - 03:28
Mourinho warned last weekend that a "difficult season" could lie ahead if they failed to strengthen the squad before the deadline.

isis-killer-beheading-video-story-top Where to watch meteor shower in UAE next week
Авг 11, 2018 - 03:01
The annual show is the result of Earth's proximity to the "gritty" debris of Comet 109P/Swift-Tuttle, Boyle said in a release. People can look directly overhead to see the meteors, as long as they are in a dark area without too much light pollution .

isis-killer-beheading-video-story-top Bayern Munich winger Arjen Robben stresses the importance of keeping Jerome Boateng
Авг 11, 2018 - 02:33
There are reports that there are negotiations going on behind the scenes between Boateng's management and PSG. Pundits say Boateng is very interested in joining PSG and has rejected an offer made by Manchester United.

isis-killer-beheading-video-story-top Koreas prepare for summit as North asks USA to ease sanctions
Авг 11, 2018 - 02:01
Despite burgeoning diplomatic efforts to disarm North Korea, the global community has maintained maximum pressure on the North. According to the website , the plan has been rejected by North Korean negotiators multiple times over the past two months.

isis-killer-beheading-video-story-top Mina, Gomes deals confirmed as Everton complete Barca raid
Авг 10, 2018 - 22:54
Meanwhile, Lucas Digne left Barça to sign for Everton earlier in the summer. Barcelona confirmed defender Yerry Mina has signed for Everton .

isis-killer-beheading-video-story-top Air strikes kill schoolchildren in Yemen
Авг 10, 2018 - 22:52
Aid agency CARE International noted that Thursday's strike came a week after the Hodeida bombardment. Ahmed al-Mansouri, the hospital's director, condemned what he called the "massacre of children".

isis-killer-beheading-video-story-top Klopp has great expectations Liverpool will deliver
Авг 10, 2018 - 22:49
I thought about it for the preseason, but now we have to be in this championship mood. "It is hard for us and the other teams too".

isis-killer-beheading-video-story-top Four Killed In Canada Shooting
Авг 10, 2018 - 22:27
Residents of the Brookside neighborhood of Fredericton, New Brunswick reported waking to the sounds of multiple gunshots. Former RCMP Superintendent Garry Clement knows all too well what the Fredericton Police Force is dealing with.

isis-killer-beheading-video-story-top Anushka Sharma trolled for posing with Indian cricket team
Авг 10, 2018 - 22:14
Kohli smashed 149 and 51 in both innings of the Edgbaston Test but his efforts went in vain as India lost the match by 31 runs. Bollywood actor and wife of cricketer Virat Kohli , Anushka Sharma is at the centre of a troll storm.

isis-killer-beheading-video-story-top England name batsman Ollie Pope, all-rounder Woakes in squad for 2nd Test
Авг 10, 2018 - 22:12
England unsurprisingly called up all-rounder Chris Woakes in Stokes's place Sunday. "I've played with since we were 14, 15". England lead the five-match series 1-0 after a 31-run victory in the first Test at Edgbaston last week.