Turkey Counterpunches By Raising Tariffs On U.S. Goods

Turkey is a'target of economic war, Erdogan says

Mr Erdogan has accused the United States of trying to "bring Turkey to its knees through threats over a pastor".

"Turkey isn't in favor of an economic war", Ibrahim Kalin said Wednesday, "but staying silent when attacked is out of question".

Investors also fret over Mr Erdogan's influence over monetary policy.

An Istanbul court allowed the release of Amnesty International's Turkey chair Taner Kilic Wednesday, who spent more than a year in jail over alleged links to the 2016 coup bid.

Trump adds, "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"

The lira had nosedived in recent weeks, hitting a record low of 7.24 this week, as investors anxious about fundamental economic problems in the country and a diplomatic and trade dispute with the United States.

Turkey's president threatens boycott of iPhones, other United States electronics
Erdogan has remained defiant after Trump doubled tariffs on aluminum and steel imports from Turkey to 20% and 50%, respectively. Erdogan has said Turkey needs to find "new friends" because of the row with the its North Atlantic Treaty Organisation ally.

Mr Erdogan has reacted to the financial instability by blaming foreign powers, in particularly the United States, a longtime North Atlantic Treaty Organisation ally, which he says is waging an "economic war" as part of a plot to harm Turkey.

Tweeting on Thursday, Trump says: "Turkey has taken advantage of the United States for many years" and is criticizing the country for "holding our wonderful Christian Pastor".

Turkey's move to increase tariffs on USA imports has helped boost its weakened currency.

European markets, including the FTSE 100, also opened lower, while the euro fell 0.3% to a one-year low against the dollar, as the nosediving lira drove demand in global markets for safe currencies including the greenback, Swiss franc and yen.

Erdogan also implemented a massive tariff hike on American goods this week after the United States similarly raised tariffs on Turkish imports and leveled new sanctions against Turkish officials as part of an ongoing feud over American cleric Andrew Brunson.

"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.

Vienna tops list of world's most liveable cities in 2018
This year, Vienna gained an overall livability rating of 99.1, edging out Melbourne which came in second with a score of 98.4. The city only managed to fare better than Lagos in Nigeria (138), Dhaka in Bangladesh (139) and Damascus in Syria (140).

President Donald Trump has repeatedly called for a weaker us dollar in a bid to help USA exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback. The central bank now refuses to raise interest rates even though doing so would help end the country's rampant inflation (it's at around 16 percent).

In response, Erdogan has called for a boycott of United States electrical goods.

"Release Brunson", Mr Bolton told him, according to the official, who declined to be named.

In early trading on Monday it recovered slightly to 6.92 to the dollar after continuing to fall from an overnight record low of 7.24.

The emir "will discuss with the Turkish president bilateral relations and means of strengthening the existing strategic cooperation between the two countries in various fields", said a Qatar News Agency statement.

Erdogan and his French counterpart Emmanuel Macron agreed in a phone call Thursday to foster trade ties, a Turkish presidential source said.

Pogba "Determined" To Become Leader And Stay At Manchester United
Pogba, who was given the captaincy by Mourinho on Friday, summed up what it meant for him to be happy and comfortable. He said: "Having the armband, it's not like "oh, I will show that I am a real captain and have to do extra work".

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