Turkey doubles tariffs on some U.S. imports over economy "attacks"
15 August, 2018, 20:55 | Author: Shannon Aguilar
The currency's climb followed retaliatory tariffs by Ankara against USA goods including rice, coal and cars.
Commenting on the new measure, Vice-President Fuat Oktay tweeted that it was taken "under the principle of reciprocity" against "the United States administration's deliberate attacks on our economy".
Turkey's president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott US-made electronic goods.
Investors fear the country's financial crisis could spread, with Mr Erdogandescribing the crash as a "political plot" against Turkey.
Turkey has increased tariffs on some United States imports, including cars, alcohol and tobacco, as the diplomatic row between Ankara and Washington escalates.
Turkey's President Recep Tayyip Erdogan announced that the country of 81 million people will boycott American consumer electronics, including Apple's iPhone. He suggested Turks would buy local or Korean phones instead, although it was unclear how he meant to enforce the boycott.
Brunson, who has lived for two decades in Turkey, was arrested in 2016 and charged with having terrorist connections.
During the meeting, Qatar pledged $15 billion in direct investments in "Turkey's financial markets and banks", Turkish officials said.
Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency.
Peter Strzok fired from the Federal Bureau of Investigation
Because Strzok, who is 48, was sacked before his 50th birthday, he potentially stands to lose a portion of his pension benefits. During a recent monologue, Todd Starnes was glad Strzok was finally fired, but wondered why it took so long to happen.
Firefighter dies in Mendocino Complex Fire
If all goes well, firefighters still don't expect to the have the massive blaze completely contained until sometime in September. Almost 19,000 acres of the Stanislaus National Forest and about 11,000 acres of Yosemite National Forest also have been razed.
Policy makers need to adopt a series of measures "so that the situation doesn't make permanent damage to the real economy", the Union of Chambers and Commodities Exchanges of Turkey and the Turkish Industry and business Association said in a joint statement.
He said: "Erdogan has not shown any sign of backing down and going to a more orthodox policy and if things get worse with the Turkish Lira there will be an increase in non-performing loans and you are going to have a blow through to the European banking system". As President Recep Tayyip Erdogan lashed out at the U.S., took higher rates off the table and said he wouldn't accept an global bailout, traders pushed down Turkish assets in a selloff that spilled over to other developing economies.
The lira was trading on Wednesday at 6.02 to the dollar, a gain in value on the day of 5.5 percent.
The ruckus between Turkey and the USA has impacted on other countries' currencies, including the Indian rupee, as investors fear the lira's wobbles could spread to developing nations.
However, severe changes in the value of the currency calmed Tuesday after news that USA national security adviser John Bolton had met with the Turkish ambassador to Washington Monday.
That's according to Turkish state media, which also reported a higher court will likely review the appeal.
Tisdall thinks Erdogan's arrogant style and dictatorial ambitions have backed him into a corner because he can not blame anyone else for Turkey's sputtering economy and souring worldwide relations.
Ankara has repeatedly said the case is up to the courts and a Turkish judge moved Brunson from jail to house arrest in July.
Investment bankers and Wall Street automotive sector analysts have so far reacted with skepticism saying it would be hard for Mr. The complaints allege Musk looked to mislead investors by claiming on Twitter that he secured funding to take Tesla private.
Franklin's music is at the center of an annual tribute to soul music called "Dancin' in the Street, Motown and More". The person spoke on the condition of anonymity because the person was not allowed to publicly talk about the topic.
NBC News aired the new audio but cautioned that the organization does not know what was said before or after the segment provided. Appearing on Meet the Press on Sunday, Omarosa claimed she had personally listened to the tape after her book went to press.
Wes Brown expects Paul Pogba to "get his head down and play" despite suggestions the Frenchman is unhappy at Manchester United . Brown is intrigued by the midfielder's statement, but thinks he will let his football do the talking.
Woods and Koepka played nine holes of a practice round on Wednesday, and the 14-time major champion knew what he was up against. Whether Sunday's two-stroke victory over Woods changes the way the 28-year-old is perceived is an open question.
He added that Turkey would continue its "constructive engagement". "Otherwise, we would have to implement plan B or plan C". China has indicated that it would provide aid to Ankara in terms of yuan-denominated bonds as well as new investments.
Turkish President Tayyip Erdogan told a rally Friday that his country would not yield to what he called bullying and blackmail. Erdogan also warned that Turkey could start looking for new allies if Washington damaged its relations with Ankara.
John James and Sandy Pensler squared off in a GOP primary for the chance to face Democratic Sen. Female candidates also had victories in several other national and state primaries.
'They hid it all': Catholic Church hid abuse of 1000 children
He addressed the fact that he knows some of the people named in this report about abusers and those who protected abusers. State Representative Mark Rozzi, D, said he was raped by a priest at his Catholic school in Berks County, Pennsylvania .
Auckland drops out of world's liveable cities Top 10
Other Australian cities also featured highly in the index, with Sydney and Adelaide on the list at number 5 and 10, respectively. And no New Zealand cities make the cut for the top-10 with Auckland dropping down the Economist's 2018 Global Liveability Index.