Turkey to boycott U.S. electronic goods

15 August, 2018, 21:40 | Author: Kevin Carter
  • Turkey warns it will ‘seek new allies’ after Trump doubles tariffs

Erdogan also said Turkey was boycotting U.S. electronic products.

The iPhone is among the USA electronic good that could be barred from Turkey as part of a new boycott announced by the country's president on Tuesday.

Turkish presidential spokesman Ibrahim Kalin referred to the conflict with the United States in stark terms saying, "Turkey does not favor an economic war, but it can not remain unresponsive when it is attacked".

"If they have the iPhone on the other hand there is Samsung". He suggested Turks would buy local or Korean phones instead, although it was unclear how he meant to enforce the boycott.

President Erdogan has accused the USA of trying to "bring Turkey to its knees through threats over a pastor".

President Erdoğan said Tuesday that Turkey will impose a boycott against US electronic products amid an ongoing and deepening rift between the two North Atlantic Treaty Organisation allies over a number of issues.

White House National Security Adviser John Bolton met with Turkey's ambassador to the US, Serdar Kilic, in Washington earlier this week to discuss the potential release of Brunson.

"Turkey's currency hit a record low of 7.23 per dollar late on Sunday after Erdogan, in a series of speeches over the week, showed no sign of backing down in the standoff against the United States", reported CBS News on Monday. The same day, the country's government announced that it would hit US imports with a new round of tariffs.

Just days after President Trump tweeted his decision to double tariffs on Turkish steel and aluminum, Turkey has announced that it, too, is ratcheting up retaliatory tariffs.

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Charged with espionage and aiding Kurdish militants and a USA -based Turkish cleric accused of fomenting that coup attempt, Brunson was imprisoned for almost two years and moved to house arrest last month.

While the economic penalties would probably do little to dent USA economic interests, Erdogan's threat shows that the standoff over the fate of an American pastor held in Turkey isn't going to end soon.

Turkey's $250 billion financing need makes it all too likely that the Turkish lira will remain weak.

"We, as the Turkish Airlines, stand by our state and our people".

Pekcan said, according to the report, "the United States is an important trading partner, but it is not our only partner".

As NPR explained in a primer on the dispute, much of the ill will shared by Turkey and the USA stems not only from the back-and-forth on tariffs, but also from a diplomatic dust-up centered on two men of faith.

While policy makers have hiked lending rates by 500 basis points this year to 17.75 percent, they're under constant pressure from Erdogan to keep rates low because he thinks it's better for the economy.

The local court in Izmir rejected Brunson's appeal to be released while his trial is pending.

Andrew Brunson has been at the heart of the ongoing fight after the USA sanctioned two top Turkish officials for his continued detention, and Turkey's vow to retaliate, even as its currency plummets.

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