Saturday, 15 December, 2018

US tariffs to stay on Turkey, Qatar offers Ankara aid

President Erdogan said Turks should boycott American electronic goods such as mobile phones President Erdogan said Turks should boycott American electronic goods such as mobile phonesAP
Ginger Lawrence | 16 August, 2018, 13:59

"Every product that we buy in foreign currency from outside, we will produce them here and sell overseas", Erdogan said in a speech, according to The New York Times. Turkish authorities arrested him in 2016 and charged him with being involved in a failed coup that same year against Turkish President Recep Tayyip Erdogan and with colluding with Kurdish militants.

Turkey announced Wednesday it is increasing tariffs on imports of certain U.S. products, escalating a feud with the United States that has helped trigger a currency crisis.

Tariffs on American cars doubled to 120 percent while tariffs on alcoholic drinks increased to 140 percent.

The appreciation of the lira also comes just hours after the Turkish government hit numerous American goods being imported to the country with punitive tariffs.

The political spat with Washington has added to pressure on Turkey's currency, the lira, which has plunged against the dollar.

After days of heavy losses, the currency stabilized Tuesday, a day after Turkey's central bank said it was taking steps to ensure financial stability and as the finance minister announced he would hold a conference call with worldwide investors later this week.

The lira has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing control over the economy and his repeated calls for lower interest rates despite high inflation.

Qatar's emir headed to Turkey on Wednesday for talks with President Tayyip Erdogan who is dealing with a collapse of the lira currency and deteriorating relations with the United States.

"Turkey does not favour an economic war, but it can not remain unresponsive when it is attacked", said Ibrahim Kalin, a spokesperson for President Recep Tayyip Erdogan. In response, Erdogan has called for a boycott of U.S. electrical goods.

Man arrested after overdoses at downtown city park
According to police, one patient was non-responsive to Naloxone, which is a drug used to treat narcotic overdoses. Nationally, overdose deaths reached a record level of 72,000 in 2017, according to a recent federal report.

President Erdogan jailed Brunson almost two years ago following a military coup attempt, arguing Brunson has ties to the coup plotters.

"There is a price we're paying for the period we're in", Erdogan said, referring to his country's plummeting currency.

U.S. Charge d'Affaires Jeffrey Hovenier talks to members of the media after visiting USA pastor Andrew Brunson, who is being held under house arrest in Izmir, Turkey, Tuesday, Aug. 14, 2018.

Earlier this month The United States imposed sanctions on two top officials in Mr Erdogan's Cabinet in a new attempt to get North Atlantic Treaty Organisation ally Turkey to turn over Branson, who is accused of backing a coup attempt against Erdogan two years ago.

President Trump has since intervened and called for the pastor's immediate release. "Theirs are out of retaliation", White House spokeswoman Sarah Sanders told reporters.

AFP reports Brunson's jail term had been converted to house detention for health reasons.

White House National Security Adviser John Bolton met with Turkey's ambassador to the U.S., Serdar Kilic, in Washington yesterday to discuss the potential release of Brunson.

Turkey slapped another round of steep tariffs on USA goods as the two countries escalate their trade battle and push the relationship to a breaking point.

It usually takes a court between 3 to 7 days to process an appeal but a ruling could come sooner in this case, Brunson's lawyer Ismail Cem Halavurt told Reuters.