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Erdogan Wants Boycott of US Electronics

Wednesday, 15 August 2018 04:12 WIB Global

Turkish President Recep Tayyip Erdogan threatened Tuesday to boycott U.S. electronic goods in response to what he says is a targeted economic war being waged against Turkey by the United States. The diplomatic dispute between the two countries has helped spark an economic crisis in Turkey and push its currency, the lira, to record lows. "If they have the iPhone, there is Samsung elsewhere. In our own country we have Vestel," Erdogan said. He has called on people to exchange their U.S. dollars for lira in order to shore up the currency. The lira has plunged 40 percent this year and saw drops of 16 percent Friday and another seven percent on Monday. It stabilized Tuesday with a rise of...

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Saturday, 11 August 2018 03:37 WIB Global

President Donald Trump said he authorized the doubling of existing steel and aluminum tariffs on imports from Turkey in response to a dramatic slide of more than 15% in the Turkish lira on Friday. Donald J. Trump @realDonaldTrump  I have...

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