Trump announces 'doubling' of tariffs on steel, aluminum on Turkey

Postado Agosto 12, 2018

"Our relations with Turkey are not good at this time!" he said. -Turkish relationship, a deterioration made worse by Turkey's worsening human rights record and increased cooperation with Russian Federation and Iran in Syria. Financial upheaval there risks further destabilizing an already volatile region.

Turkey wants the United States to extradite cleric Fethullah Gulen, a Pennsylvania-based cleric who Turkish authorities say masterminded the coup attempt in which 250 people were killed.

Trump announced the punitive doubling of tariffs on Twitter, with the White House saying the sanctions would take effect from 13 August, AFP reported.

"They are threatening us".

Turkey's woes shook world markets, pushing down stock indexes and lifting the dollar, which traders around the world typically buy in times of concern.

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

Ankara sent a delegation this week to Washington to meet with both the State and Treasury Departments to resolve some of the disputes but those talks showed no signs of breakthrough.

Graphic: Emerging market currencies slide. The lira fell further after Mr Trump's tweet.

Turkey is also ready to establish a similar system - to not use dollar in trade - with European countries, Erdogan noted. Immediately give these to the banks and convert to Turkish lira and by doing this, we fight this war of independence and the future.

Turkey's economy is regarded as fragile because of its high debt, which the worldwide Monetary Fund estimates is 50 percent of its gross domestic product.

This is a very bad rationale for hiking tariffs on a country's exports. "They are bullets, cannonballs and missiles of an economic war waged against our country", he said.

Last week, the U.S. "During this period, Turkey has set records in its exports, production and employment", Erdogan said.

U.S. support for Kurdish rebel groups fighting Islamic State fighters in northern Syria.is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country. "You prefer a pastor to a strategic ally of yours in North Atlantic Treaty Organisation".

"Shame on you, shame on you", he said, directing his remarks at Washington.

He is clearly angry that the United States has not taken more action against the Gulenist movement and what he said was a failure "to unequivocally condemn" the 2016 coup attempt. Gulen has denied the allegation.

Brunson's charges include spying for the PKK - listed as a terrorist group by both the U.S. and Turkey - and Fetullah Terrorist Organization (FETO).

His cause resonates with Trump's Christian conservative supporters, who could be influential as Republicans seek to retain control of Congress in midterm elections in November. The Lira has now lost 30 per cent against the USA dollar, since the start of the year. "It is a threat", said Rodriguez Valladares.