Turkey doubles tariffs on some USA imports; Turkish lira rallies

15 Août, 2018, 19:35 | Auteur: Auguste Feret
  • Turkey's currency has recently plummeted to record lows against the US dollar

The extra tariffs apply to imports of vehicles, alcohol, coal, rice and cosmetics.

Turkey is raising tariffs on imports of certain goods from the U.S., including cars, alcohol and tobacco. Turkey had previously said it would boycott USA electronic products.

"If (the United States) have the iPhone, there's Samsung on the other side", he said, referring to U.S. giant Apple's iconic phone and the top South Korean brand. "And we have our own telephone brands", he said in clear-worded remarks.

Ties between the two North Atlantic Treaty Organisation allies have also nosedived over United States support for Syrian Kurdish forces, Ankara's plans to buy a Russian missile system and Turkey's demand that Washington extradite US-based Islamic cleric Fethullah Gulen, whom Erdogan blames for the failed July 2016 coup bid.

The White House announced sanctions on the Turkish justice and interior ministers, prohibiting U.S. citizens from doing business with them.

Trump administration sources say further sanctions against Turkey are under active consideration. But Sanders declined to say how the US government plans to apply more pressure on Ankara, which repeatedly has ignored calls from Trump and others to free Christian pastor Andrew Brunson. On Wednesday, a Turkish court in the Aegean province of Izmir, where Brunson is on trial, rejected the pastor's appeal to be released from house arrest.

Under the decree, Turkey will raise up to 100 percent or more on imports of US -origin products.

However, severe changes in the value of the currency calmed Tuesday after news that US national security adviser John Bolton had met with the Turkish ambassador to Washington Monday.

Neither side appears willing to back down in the dispute over Andrew Brunson, an evangelical preacher who was arrested on terrorism charges in Turkey 22 months ago.

Un corps de poulain vieux de 40 000 ans découvert intact — Sibérie
Le pelage de couleur brun foncé, la crinière, la queue et les organes internes sont en parfait état de conservation. Ce cratère s'élargit chaque année avec la fonte du pergélisol, une zone souterraine gelée en permanence.

Twitter suspends Infowars host Alex Jones' ability to tweet
CNET first reported that Jones has to delete an offending tweet, although it was unclear which tweet has been singled out. Twitter appears to have taken Jones' comments as a threat and subsequently limited his account.

Wilfried Zaha: Crystal Palace star commits long-term future with five-year deal
Zaha came through Palace's youth academy and has been the club's Player of the Year for the past three seasons. Obviously, I just wanted to get it over and done with, so I can just focus on the season.

On Wednesday, the lira traded at 6.4125 to the USA dollar, weakening from a close of 6.3577 a day earlier.

Erdogan also renewed a call for Turks to convert their dollars into the Turkish lira, to help strengthen the currency.

Turkish currency tumbled low over deteriorating relations with the United States as President Donald Trump unexpectedly doubled metal tariffs against the Muslim state on Friday. The Turkish vice president says it's a response to Washington's "deliberate attacks" on the country's economy.

In a joint statement issued Tuesday, the industrialists' group TUSIAD and the Union of Chambers and Commodity Exchanges called on the government to allow the central bank to raise interest rates to help overcome the currency crisis.

She said Turkey would continue to "protect the rights of Turkish companies and retaliate" against unjust actions by the United States.

FILE - Russian S-400 air defense missile systems are on display during a rehearsal for the Victory Day military parade in Red Square in Moscow, Russia, May 7, 2017.

The country's finance minister - who is also Mr Erdogan's son-in-law - will seek to reassure around 1000 global investors in a teleconference scheduled for Thursday.

The ruckus between Turkey and the USA has impacted on other countries' currencies, including the Indian rupee, as investors fear the lira's wobbles could spread to developing nations.

Conseillé:



Populaire

David Silva retires from worldwide football with Spain
Silva was brought into the side by the late Luis Aragones and shone as Spain triumphed in Euro 2008, winning their first major trophy since 1964.

Safaree Samuels accused ex Nicki Minaj of cutting him in assault
Minaj responded on Twitter, and accused Samuels of lying, though didn't specifically address the domestic violence allegation . She heads out on her NICKIHNDRXXX tour next month with Future, starting in Baltimore on September 21.

L'espoir s'amenuise, une quarantaine de morts — Gênes
Un pompier français venu en renfort, Patrick Villardry, a souligné la grande difficulté de ces opérations. Le ministre des Transports et des Infrastructures, Danilo Toninelli , a évoqué "une immense tragédie ".

Willian: I would not be at Chelsea if Conte was still manager
It has become clear that several Chelsea players were not the biggest fans of Antonio Conte during his time in charge at Stamford Bridge.

Check that. White House says it was wrong on black employment
Sanders tweeted Tuesday: "Jobs numbers for Pres Trump and Pres Obama were correct, but the time frame for Pres Obama wasn't". In actuality, black employment raised by almost 3 millions at the time of the Great Recession and up until 2017.

PM Modi announces healthcare scheme Ayushman Bharat, roll-out on Sept 25
The country has many needs and aspirations, and both central and state governments should relentlessly try to meet them", he added.

Air quality gradually improving later today and Wednesday
Right now nearly everyone could be dealing with a cough, headaches - the smoke can even cause irregular heartbeats and chest pain. We expect air quality to reach levels that are UNHEALTHY FOR SENSITIVE GROUPS overnight and into tomorrow in many areas.

Australian politician calls for 'Muslim ban', and 'final solution
Labor with the support of the government moved a motion in the Senate and the House; the leaders in both houses spoke. Muslim MP Anne Aly said that the Queensland Senator deliberately used "neo-Nazi, white supremacist terminology".

Saquon Barkley limps out of Giants practice
However, it had been removed before he left the field after the roughly 70-minute practice, which was moved indoors by rain. After not missing an offensive snap in 2017, Glasgow has become a fixture on the Lions' rebuilt offensive line.

Paul Scholes - I don't see Manchester United challenging in Premier League
The former England global represented the Reds Devils for 20 years, and made more than 700 appearances for the Manchester club. A sensational free-kick taker". "He's such an angry man but when he's playing well, that anger comes out", Scholes said.