Carolyn Kaster Associated Press President Donald Trump
12 August, 2018, 22:24
Trump stated in an inflammatory tweet that the Turkishlira was weak against "our very strong dollar", adding that "US relations with Turkey are not good at this time".
The embattled Turkish lira tumbled over 16 percent to new record lows against the dollar as strains with the United States intensified over a number of issues including the detention of a pastor as well as Washington's cooperation with Syrian Kurdish militia force in the fight against Islamic State.
Erdogan said Turkey would turn towards new markets, new partners and alternative financial tools.
Turkey's president Saturday blamed the country's economic problems on the United States and other nations, whom he says are waging an economic war against his country. U.S. stocks were also rattled.
Terming the recent USA tariffs on Turkey as an "economic war", the Turkish president said: "We've seen your game and we will challenge it".
The Trump administration threatened to impose additional sanctions on Turkey if it did not meet the deadline, Erdogan said.
"It is wrong to dare bring Turkey to its knees through threats over a pastor", Erdogan said in the Black Sea town of Unye.
Turkish officials insist the outcome of Brunson's case exclusively relies on the judiciary, a claim the United States has refused to buy in the light of Erdogan's earlier suggestions to swap him with Turkish opposition exiles residing in the US.
Turkey and the USA are now experiencing rocky relations following Washington's imposition of sanctions on Interior Minister Suleyman Soylu and Justice Minister Abdulhamit Gul for not releasing American Pastor Andrew Brunson, who faces terrorism charges in Turkey.
The lira sell-off deepened concern over whether over-indebted Turkish companies will be able to pay back loans taken out in euros and dollars after years of overseas borrowing to fund a construction boom under Erdogan. "This will be the response to those who have declared an economic war".
In an op-ed published in New York Times, Erdogan warned Washington not to risk its relations with Ankara, saying otherwise it would look for "new friends and allies".
Calling on the US, Erdogan said: "It is a shame".
"I'm not aware of any prior administration using tariffs in this way, and there's a very simple reason: because they're an incredibly blunt instrument that often can have blowback on American workers and consumers as we've seen in the China context", said Ned Price, a former Central Intelligence Agency officer who also served as a National Security Council spokesman during the Obama administration.
Turkish authorities arrested Brunson in December 2016, claiming that he was a spy and was linked to a failed plot to overthrow the government.
"They have been trying to achieve what they failed to do through provocations and a coup attempt with money now", he said.
His cause resonates with Mr Trump's Christian conservative supporters. He offered no further details.
Erdogan enjoys the support of many Turks even though rents and food and fuel prices have all surged.
He will have FIFA World Cup-winning team-mate Olivier Giroud breathing down his neck if he does not step things up quickly. The Blues have endured a hard summer after Chelsea FC finished in fifth spot in the Premier League table last term.
A plane that reportedly took off without permission has sparked a major security incident at Seattle-Tacoma global airport. In one video shot by a witness on the ground , a man can be heard exclaiming that the pilot "just did a loop-the-loop".
Back in June, Ingraham took heat for comparing President Trump's immigration detainment camps for children to "summer camps". Advertisers started pulling out nearly immediately, and by the following month, she had lost over two dozen.
And thereby hangs a tale. "It's like I'm not even thinking about my birthday, So it's kind of amusing ", Auger-Aliassime said. He almost swept the European clay-court swing, winning his 11th Monte-Carlo, Barcelona and Roland Garros titles.
He represented his country in three World Cups, including the 2002 edition, when Brazil won its fifth tournament title. According to the Diario de Ibiza , he has now been admitted to the ICU of the Nuestra Señora del Rosario Polyclinic .
Barcelona have also announced Andre Gomes is moving to Everton on loan along with Colombian centre-back Mina. Everton have completed the signing of Chelsea centre-half Kurt Zouma on a season-long loan.
Arsenal vs Manchester City , Premier League match will be telecast on Star Sports Select 1 and Star Sports Select 1 HD. Arsenal have named their new captain after Per Mertesacker retired from playing football at the end of last season.
People how ask how they will do, but I know a little bit about their manager and how good they will handle that. After all the pre-match hype, Danny Welbeck is not even in the Arsenal squad, let alone at left-back.
And underdogs they will be against Pep Guardiola's side. "The important thing is to be there and to be ourselves". It's not winning back to back, it's to be ourselves. 'People say we have to forget what we did last season.
Elba, 45, has previously dismissed rumours and said he had not had any discussions with the studio about taking over the role. The actor posted a filtered selfie - only featuring the top part of his face - with the words "my name's Elba, Idris Elba".
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Turkey is a 'target of economic war,' Erdogan says
This is double the level the president imposed on a range of countries earlier this year, including European Union member states. He has said Turkey's economy remains strong, noting a 7.4 percent growth rate in the first three months of this year.
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