Home » Money

Erdogan Vows to Boycott U.S. Electronic Goods Amid Pastor Spat

15 August, 2018, 20:57 | Author: Kristi Dunn
  • Stocks were on a five-week winning streak before last week

The country's Official Gazette announced on Wednesday the higher tariffs on a series of products including rice, vehicles, alcohol, coal and cosmetics.

Turkish Vice President Fuat Oktay said on Twitter the increases were being done "within the framework of the principle of reciprocity in retaliation for the conscious economic attacks by the United States".

Turkey has suffered the most from the feud, which has helped push its currency, the lira, to record lows against the dollar.

Just last week, Mr Erdogan was urging ordinary Turks to do their part to support the currency, saying, "If there is anyone who has dollars or gold under their pillows, they should go exchange it for liras at our banks".

Turkey's President Recep Tayyip Erdogan has said his country will boycott United States electronic products, after Washington imposed punitive sanctions on Ankara.

Erdogan described USA sanctions as an "economic attack" doomed to fail because "Turkey has one of the most solid banking systems in the world in all respects".

Turkey's economy has been under the threat of sanctions from the USA after President Donald Trump tweeted earlier this year that this would be a probable course of action if an American pastor, Andrew Brunson, was not freed from jail.

Last Friday, U.S. President Donald Trump said he had authorised higher tariffs on aluminium and steel imports from Turkey.

Neither side appears willing to back down in the row over Andrew Brunson, an evangelical preacher who was arrested on terrorism charges in Turkey nearly two years ago.

Doom Eternal gameplay is everything you want it to be
Currently, the publisher has no platforms listed, but it's highly likely we'll see the game release on PS4, Xbox One and PC. We also got a look a Phobos, which isn't quite as disgusting, as it hasn't been completely overtaken by demons yet.

The lira led losses among global peers after the nation's first steps to bolster the financial system were seen by some analysts as insufficient to protect markets in times of distress.

For one more time, Erdogan called on Turks to convert USA dollars into lira in order to "maintain the dignity" of the currency. He showed no signs of backing down in the stand-off and suggested that Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel instead.

Brunson, who has lived in Turkey for 20 years and has been detained since October 2016, is accused of helping Gulen's network and the proscribed Kurdistan Workers Party (PKK).

Turkey's economic crisis boils down to heavy reliance on foreign investments made in dollars, while Turkish assets are valued in lira, and the lira has been declining at an alarming rate (although it appeared to stabilize somewhat on Tuesday).

National Security Adviser John Bolton met at the White House on Monday with Turkish ambassador Serdar Kilic, but the discussion reportedly did not result in any substantive progress.

That is an unsubtle plea for the courts to end the U.S. -Turkey standoff by taking the Brunson decision out of Erdogan's hands.

Kalin also called on the United States to respect legal process in Turkey in reference to the American pastor's continued detention.

Qatar and Turkey are bound by strategic relations at the political, economic and military fronts.



Anger grows in Italy as bridge toll rises to 38
Emergency personnel search through debris from the collapsed Morandi motorway bridge in Genoa , Italy, on Tuesday, Aug. 14, 2018. Defence minister Elisabetta Trenta said the army was ready to offer manpower and vehicles to help with the rescue operations.

Turkey aims new tariffs at USA as court rejects pastor's appeal
Erdogan said yesterday that Ankara would boycott electronic products from the United States, retaliating in a row with Washington. Turkey's exports to the United States past year amounted to $8.7 billion, making it Turkey's fifth-largest export market.

Solar probe to fly closer to sun than ever before
A heat shield has been created to keep Parker's instruments at a tolerable 85 degrees Fahrenheit or 29 degrees Celsius. They are also curious about the solar winds that sometimes disrupt satellite and ground communications.

U.S. seeks to stab Turkey in the back: Turkey's president - USA
State-run Anadolu Agency says the lawyer on Tuesday also appealed to a court to lift a travel ban imposed on Pastor Andrew Brunson.

Ben Stokes found not guilty of affray
O'Connor said they were thankful for Stokes' actions "because Kai could have been left with a scar". The Durham all-rounder is accused of fighting along with two other men on September 25.

EPL: What Unai Emery said after Manchester City beat Arsenal
People don't know how good they will be this season, but I know the manager a little bit and I know in that situation how good they will handle it".

Singer Aretha Franklin is seriously ill
In March, the 76-year-old canceled a birthday concert at the New Jersey Performing Arts Center in Newark, New Jersey. The Queen of Soul is now surrounded by friends and family and they're asking for prayers and privacy at this time.

Will celebrate Independence Day with utmost zeal, says Imran Khan
The card is also essential for casting vote in the elections of Speaker, deputy speaker and the Prime Minister. To a question, he said the party has not yet finalised a name for the slot of Punjab chief minister.

Blizzard Reveal Multiple 'Diablo' Projects Are 'In The Works', Confirming Previous Leaks
According to Camel, we might get a glimpse at what Blizzard's working on later this year... presumably at BlizzCon in November. However, this is the first time that Blizzard has addressed the fan base when it comes to the future of Diablo .

Holy Fire in pictures: Apocalyptic scenes as wildfires rage in California
Milligan said he was so wary of the suspect that he avoided going to the area of the remote Orange County canyon where he lives. Twelve of the fifteen largest fires in California's history have occurred since 2000, a trend spurred on by climate change.