giftedviz.com
giftedviz.com August 18, 2018


Turkey faces financial turmoil over US tariffs

12 August 2018, 04:13 | Austin Hogan

The Turkish lira has lost 30 per cent of its value so far this yearAFP

The Turkish lira has lost 30 per cent of its value so far this year

The president has declared that American importers' reliance on foreign metals poses a national security risk to the USA, and he also has increased the cost of these imports on Japan, Turkey and members of the European Union, the paper reported.

Trump doubles steel & aluminum tariffs on Turkey US President Donald Trump is doubling tariffs imposed on Turkish steel and aluminum, insisting that the relationship between the two countries is 'not good'.

Erdogan urged Washington to give up the misguided notion that bilateral relations could be "asymmetrical" and realise that Turkey had alternatives "before it is too late". Financial upheaval risks further destabilizing an already volatile region.

The White House said Mr Trump had authorised them under a section of United States trade law that allows for tariffs on national security grounds.

Turkey and the United States have been at odds after Washington imposed sanctions last Wednesday on two Turkish ministers over the continued detention of USA pastor Andrew Brunson.

A Turkish delegation visited Washington for talks this week but left with no signs of a breakthrough.

Graphic: Emerging market currencies slide. Thus, Trump's tweet suggests that any country that enters a time of economic turmoil - and consequently, sees the value of its currency fall - is a fair target for punitive trade actions by the United States.

He appeared to blame foreigners for trying to hurt Turkey, saying: "This will be my people's response against those waging an economic war against us". "This is a domestic and national struggle".

Extraordinary audio of the Seattle hijacker conversation with air traffic controller
A Horizon Air airplane was stolen from SeaTac Airport on August 10, 2018 and crashed on Ketron Island where it sparked a fire. There was no indication that the incident was an act of terror, the Pierce County Sheriff's Department said on Twitter.


Maurizio Sarri: 'I must adapt to Chelsea'
But the Spaniard just looked a yard off pace from the start with sloppy passing and some poor first touches. Chelsea beat Huddersfield Town 3-0 to give Maurizio Sarri a winning start as manager of the Blues.


Chinese state media accuse US of mobster mentality, vow to fight tariffs
Element Electronics, a TV manufacturing plant in SC , will layoff at least 126 employees from its Winnsboro plant on October 5th. The government could force Apple into a corner, helping Samsung and local Chinese companies pick up market share in the process.


This is a very bad rationale for hiking tariffs on a country's exports. "Today I am instructing my friends that we will freeze the assets of USA secretaries of justice and interior in Turkey", he said last week. "Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies", Erdogan said. It is host to a critical part of the Western alliance's missile defence system against Iran.

"We will continue to support our iron, steel and aluminum exporters by defending their interests against illegal practices of other countries on every global platform, especially WTO", it said. I am calling on those in America again.

"Hami Aksoy also said on Friday that imposing sanctions on a North Atlantic Treaty Organisation ally wouldn't help Washington achieve its goals and would harm an "alliance that was built by surmounting arduous tests".

The latest escalation between Ankara and Washington was denounced by the Turkish press, with pro-government daily Sabah saying "the currency attack" was no different from the attempted coup of July 2016. Gulen has denied the allegation.

Last week, the United States government imposed economic sanctions against two Turkish ministers involved in Brunson's arrest.

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.

He also repeated his call to Turks to sell their dollar and euro savings to shore up the lira. He offered no further details.

"The US has to rehabilitate its addiction to sanctions and bullying or entire world will unite - beyond verbal condemnations - to force it to".



Other News

Trending Now

Holy smoke! Dramatic footage captures moment aircraft douses California wildfire
At least 17 major wildfires were burning across California on Thursday, with the Holy Fire dwarfed by other blazes farther north. According to Orange County officials, Mr Clark had emailed the local volunteer fire chief to threaten "this place will burn".

Emery in spotlight as Arsenal begin life without Wenger
People ask how will they do, but I know a little bit about the manager and in that situation how good they handle that". Arsenal have won just two of their last 12 encounters with Man City in all competitions.

Look up: Perseid meteor shower peaks this weekend
Friday and Saturday night, where visitors can look through the telescope to view Jupiter, Saturn, Mars, and potentially Venus. The meteor shower is formed from the debris from the Swift-Tuttle comet as the tiny debris enters the Earth's atmosphere.

Loose underwear may be good for sperm production
Men fond of wearing tight underwear who are now trying to conceive a child might want to think again following a new study . Higher levels of FSH indicate that the body is pushing the testes to produce more sperm as counts are low.

Manchester United fans delighted with Luke Shaw's performance vs Leicester City
I haven't won the Premier League , I haven't won the Champions League, I haven't won the Euros so there are more to win.

Manchester United Unveil Stunning New Dressing Room Before Premier League Opener
Mourinho sounded pessimistic that he would make any last-minute signings when talking to media on Thursday. One game into the season and we've already had two collectors' items - a Luke Shaw goal and a happy Jose.

Space Force: Prez Trump 2020 asks supporters to vote on logo
Defense Secretary Jim Mattis , once opposed the idea of a Space Force , they lined up on Thursday to offer their support. Kosal , an associate professor in the Sam Nunn School of International Affairs at the Georgia Institute of Technology.

Unmanned NASA craft takes off on mission towards Sun
NASA chief of the science mission directorate, Thomas Zurbuchen, said Parker is an "incredible hero of our scientific community". It is said to endure unprecedented levels of heat, and radiation 500 times greater than that experienced on Earth.

Sarri not aiming to repeat Napoli formula at Chelsea
Chelsea midfielder N'golo Kante celebrates with his team-mates after scoring his team's first goal against Huddersfield Town . Sarri's half-time talk proves effective: There was some cause for concern after Chelsea's first-half performance.

Ryanair pilot strike grounds 400 flights across Europe
Ryanair had filed for an urgent court order to prevent industrial action by pilots in the Netherlands. Unions also want the airline to give contractors the same work conditions as staff employees.