Turkey shaken by financial fears, President Trump rattles it further
Aug 14, 2018, 04:55
The ailing Turkish lira, which had already lost one third of its value this year largely over worries about Erdogan's wider control of the economy, crashed further to a fresh record low, at one point losing 18 percent, its biggest fall since 2001.
Trump, outraged by Turkey's detention of an American evangelical pastor on terrorism charges, said on Twitter he would double duties on Turkish aluminum and steel, to 20 percent and 50 percent respectively.
A meeting between senior diplomats from the two countries on Wednesday in Washington did not produce significant progress to ease tensions over the trial of USA pastor Andrew Brunson in Turkey on charges of supporting terrorism and espionage.
Trump added that the Turkish currency Lira "slides rapidly downward against our very strong Dollar!"
Walters did not offer any explanation as to how USA national security is threatened by steel and aluminum imports from Turkey, which hosts a major United States military base. Trump tweeted. Washington's relations with Ankara "are not good at this time", he added.
Turkish President Tayyip Erdogan told Turks to sell their gold and dollars to support the crumbling lira. The shared currency sank as much as 1.2 percent to the weakest in more than a year after a Financial Times report that the European Central Bank raised concern about the region's banks' exposure to Turkey. "Its aim is to force Turkey to surrender in every field from finance to politics, to make Turkey and the Turkish nation kneel down", Erdogan in Trabzon on Sunday.
"(Section 232 is) being employed more in a punitive sense rather than protecting a US industry for the sake of national security", said Dan Mahaffee, senior vice president and director of policy at the Center for the Study of the Presidency and Congress.
The steel and aluminum tariffs originally had nothing to do with the treatment of Brunson.
In a separate opinion piece in the pro-government newspaper Daily Sabah, Erdogan's spokesman Ibrahim Kalin said Turkey's efforts to solve the crisis with diplomatic methods have been dismissed by the Trump administration, warning that Washington might completely lose Ankara as an ally. Graham called Turkey's case against Brunson a "sham".
Erdogan said his decision to sanction the U.S.in retaliation for American sanctions was to convey that Turkey "does not respond to threats". Turkey was reportedly the sixth largest steel importer to the US.
The American-Turkish Council urged Turkey and the United States to maintain dialogue and to return to the negotiating table late Monday.
Berat Albayrak, Turkey's treasury and finance minister, sought at a news conference Friday in Istanbul to ease investor concerns about Turkey's econom.
Space Command's main role would be to prepare for conflict in space and to lead USA space forces should such a war begin. Brian Weeden is a former Air Force officer who now works on space policy for the Secure World Foundation.
The fusillade followed a July 25 decision by a court in in the western province of Izmir to move Brunson into house arrest . The global situation "must change", said Sam Brownback, U.S. ambassador at large for worldwide religious freedom.
Gold may capitalize on the dollar's weakness if trade tensions put the currency under additional downward pressure. The U.S. currency was 0.37 percent weaker than the 111.4 handle seen at the end of Friday trade in NY .
The proposal would also eliminate a federal waiver that has allowed California to set more stringent clean-car rules. California and 16 other states filed suit over the fuel efficiency standards in May, anticipating the new regulation.
Harley-Davidson has also announced that it will launch its first electric motorcycle, the Harley-Davidson LiveWire in early 2019. It also plans to add "lighter, smaller and more accessible products" through 2022 in its electric motorcycles portfolio.
If large bodies of liquid water lie beneath Martian polar ice, they could theoretically harbour living microbes to this day. Marsis was not able to measure the depth of lake, but the scientists estimate that it must be at least one metre thick.
Thankfully it seems she's going to be OK. " Every day is a battle ", she said. "Her honesty has helped so many others". The former Jonas Brothers singer, who dated Demi in 2009, says he is thinking about her.
Tottenham boss Pochettino happy to keep Alderweireld
I just don't know, if I was an owner, I'm thinking, 'Well you've had a lot of money on these players, you don't fancy them. The Gunners did not make a move for Croatia defender Domagoj Vida , despite rumours to the contrary.
Google Pixel 3 Devices To Arrive On October 4, Ad Suggests
The update is rolling out over the air, so if you've got a Pixel, Pixel XL , Pixel 2, or Pixel 2 XL , keep an eye out for it. Out of nowhere, Google just announced that the latest version of Android , Android P , is officially called Android 9 Pie .
Fire Whirl In Carr Fire Equal To EF-3 Tornado
As of Thursday afternoon, the Carr Fire has burned more than 125,000 acres and is 35 percent contained. High winds pushed the flames to the southeast towards Highway 20 in Lake County.
Public housing nationwide goes smoke-free on Tuesday
The rule prohibits smoking in any New York City public housing apartment or building or within 25 feet of the building. The smoking ban is an effort to improve air quality and quality of life for those living in public housing.
Film ‘shows Kim building new missiles’
The Monterey, Calif., nonprofit group analyzed commercial photos obtained from the satellite imagery firm Planet. The DPAA Laboratory at Hickam Air Force Base, Hawaii, is the first USA stop for the recently returned remains.
Flooding, wind damage possible as storms sweep through NC
Wind will continue to crank up from the southeast at 15-20 miles per hour by the afternoon gusting higher than that at points. Prince William fire and rescue officials reported nine people were rescued from flood waters on Saturday .
Google profits soar despite $5B antitrust fine
Similarly, analysts don't expect European Union antitrust probes to force changes that significantly dent Google earnings. Without the approx $5 billion European Union fine, Alphabet would have reported earnings of $11.75 a share.