Turkey's tariffs on U.S. imports amount to $553 million, trade minister says
15 August, 2018, 21:40 | Author: Corey Lynch
This tariff hikes came after Turkish President Recep Tayyip Erdoğan's announcement on 14 August of a boycott on United States electronics goods, with Erdoğan advising explicitly against the purchase of iPhones, encouraging citizens to instead use Samsung and Turkish-made Vestel phones.
Stocks were weaker in most major Asian markets today, with Turkey's financial crisis showing little sign of abating as Ankara hiked tariffs on several United States goods in a tit for tat move. "If [the US] has the iPhone, there's Samsung on the other side", Erdogan was reported as saying.
President Erdogan has accused the U.S. of trying to "bring Turkey to its knees through threats over a pastor".
Ankara acted amid increased tension between the two North Atlantic Treaty Organisation allies over Turkey's detention of a pastor and other diplomatic issues, which have helped to send the lira tumbling to record lows against the dollar.
Neither the White House, Turkey's Ministry of Foreign Affairs nor Apple immediately responded to a request for comment.
It was unclear whether Erdogan's call for Turks to sell dollars would be widely heeded, but a Turkish news agency said traders in Istanbul's historic Eminonu district converted $100,000 into lira on Tuesday.
The political and economic pressure from Washington caused the Turkish lira to collapse to a historic low against the United States dollar. Brunson is now on trial and held on house arrest, with few indications that Turkish officials intend to comply with the demands - despite US sanctions that were leveled against them two weeks ago. A court on Wednesday rejected an appeal for the release of Andrew Brunson from house arrest.
On August 10, Trump announced that his administration was doubling steel and aluminum tariffs on Turkey.
White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong".
"We, as the Turkish Airlines, stand by our state and our people".
For one more time, Erdogan called on Turks to convert USA dollars into lira in order to "maintain the dignity" of the currency.
In a televised speech on Friday, he called on Turkish citizens to exchange foreign currency and gold for lira, calling it an "economic war".
Andrew Brunson has been at the heart of the ongoing fight after the US sanctioned two top Turkish officials for his continued detention, and Turkey's vow to retaliate, even as its currency plummets. Two Turkish business lobbies and the heads of two banks increased pressure on the government and central bank to act to stem a slide that saw the lira lose more than a quarter of its value in less than two weeks.
The report says that ASUS has rushed to reduce risk, quickly selling off its local store of products in Turkey in exchange for USA dollars.
A number of other Americans and Turkish employees of the USA diplomatic mission were also caught up in the post-coup crackdown.
"They are squeezing lira liquidity out of the system now and pushing interest rates higher", said Cristian Maggio, head of emerging markets strategy at TD Securities.
Franklin cancelled planned concerts earlier this year after she was ordered by her doctor to stay off the road and rest up. Franklin's last album, "A Brand New Me", released in 2017, remixed her vintage vocals with newly recorded arrangements.
Researchers with the Canadian and US governments and other organizations tracked her all the while, the Seattle Times wrote. Her calf was born and died on July 24, and researchers say she towed it around for more than 1,500 kilometres.
The comet Swift-Tuttle orbits the sun once every 133 years, so every August, the Earth passes through the comet's debris field. You won't be able to see as many meteors when you're in a place with light pollution, which includes most of America.
In her book, Unhinged: An Insider's Account of the Trump White House, she said she had not signed a non-disclosure agreement. Repeatedly, the disgraced former aide tried to hammer home her theme that in her mind, Trump is incompetent and untruthful.
The fund did not immediately respond to a request for comment. "So the potential investor must be patient and strategic-looking". Musk's tweet stunned investors, with many raising questions about his claim that funding for the venture had been secured.
But no matter if the clouds or smoke clear, "you still need to get away from the light pollution of cities", Meteorologist M.J. The best views of the Perseids in Sweden will be in the south of the country, according to website Populär Astronomi .
Thomas Markle made the case in his first TV interview after Meghan and Harry's wedding as to why he felt the need to speak out. Harry is on a private working visit to Botswana with his charity Rhino Conservation, Kensington Palace confirmed last week.
Meanwhile, Kochi Airport in a statement said flight operations are continuing uninterrupted and there has been no cancellations. With rivers and streams flowing in spate, people, particularly youngsters, have been asked to exercise caution.
He said on Thursday that some of Paul Pogba , Ashley Young, Fellaini and Jesse Lingard may yet be involved against Leicester. According to The Guardian , Martial was close to being sold this summer but United chief executive Ed Woodward intervened.
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After its predecessor received a port for the system, it's great to see the continued support for Nintendo's latest console. The developers promised a lot more lore in the new game, so seemingly there's a good explanation behind it all.
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The incident fell under the ongoing mission of Noble Eagle, the air defense mission launched after the 9/11 attacks, Hillier said. The National Transportation Safety Board , Federal Aviation Authority and FBI have all been notified, Alaska Airlines said.