Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

Turkey Lira meltdown over Turkey US relations

Asked how the Trump administration would react to any such Turkish boycott, Sanders replied during Tuesday afternoon's briefing, "I certainly don't have a policy announcement on that at this point".

There was a clear, sharp drop in the lira's value on Friday after Trump tweeted he was doubling tariffs on Turkish steel and aluminum, citing a national security threat, and a smaller decline when the US sanctioned Turkey's Interior and Justice Ministers on August 1.

Andrew Brunson's continued detention with charges of terrorism and espionage was cited as the basis of U.S. sanctions on two Turkish ministers on 1 August, which was followed by a doubling on 10 August of United States tariffs on Turkish steel and aluminium to 50% and 20% respectively.

Turkey is boosting tariffs on imports of certain US products, including rice, cars, alcohol, coal and cosmetics - escalating a feud with the United States that has helped trigger a currency crisis. Ankara has responded by threatening to boycott USA gadgets including Apple iPhones and sharply increasing duties on a number of American goods like tobacco, alcohol, cars, cosmetics, etc.

Bayer shares slide after Monsantos Roundup cancer trial
The World Health Organization's (WHO) cancer arm in 2015 classified glyphosate as "probably carcinogenic to humans", but the U.S. Partridge, meanwhile, announced that Monsanto had no intention of settling the slew of similar cases in the legal queue.

Turkish President Tayyip Erdogan has said in recent public speeches that Turkey and its economic allies do not need to use the dollar to conduct bilateral trade.

The Trump administration punished Turkey with economic sanctions and traffic hikes over the detention of an American Christian pastor standing trial on disputed terrorism charges.

Moves by the central bank to ensure Turkish banks have liquidity and a planned conference call by Turkish Finance Minister Berat Albayrak, who is Erdogan´s son-in-law on Thursday have gone some way to giving reassurance to investors.

Turkey has agreed to buy S-400 surface-to-air missiles from Russian Federation, an unprecedented move by a North Atlantic Treaty Organisation member, which has raised objections from members of both parties of the U.S. Congress and the Trump administration.

Vimeo Removes Infowars Content as CNN Continues Blacklist Crusade
But after CNN's investigation was published, the tweets cited in it were nearly immediately deleted from the social media website. All Infowars content has been removed from the video platform for "violating prohibitions on discriminatory and hateful content".

The court in the western city of Izmir rejected the appeal and ruled that Brunson will remain under house arrest, the state television TRT reported. Turkey also has similar plans for trade with China and other countries. "I am planning to appeal again in 15 to 20 days, thinking there might be a new evidence in the file or there might be a new outcome of talks", the lawyer said.

Brunson faces up to 35 years in prison if found guilty.

"Turkey is also putting more importance on European Union countries to avoid a full confrontation with the West", he said.

"Whilst we rejoice at this decision, our celebrations will only truly begin when he is safely back at home in the arms of his wife and daughters", Amnesty said in a statement.

Chris Sutton Issues Damning Criticism Of Celtic Board After Champions League Disaster
After drawing the first leg 1-1 in Glasgow, it was all to play for in the Greek capital tonight, but they did not step up to the plate.

Turkey has urged the U.S.to halt its support for Kurdish YPG fighters or risk confronting Turkish forces on the ground in Syria.

Related news:

Hot News

isis-killer-beheading-video-story-top After hide-and-seek, did Priyanka Chopra finally give glimpse of engagement ring?
Aug 15, 2018 - 22:59
In one of the photos , Priyanka can be seen posing with Raveena Tandon and her engagement ring can be visible in the picture. Isn't it? Priyanka Chopra , Nick Jonas and their rumoured engagement trend on and off.

isis-killer-beheading-video-story-top Man City’s De Bruyne suffers knee injury in training
Aug 15, 2018 - 22:26
De Bruyne made 52 appearances in a marathon 2017-18 season for City before featuring heavily for Belgium at the World Cup. In 2016, De Bruyne missed out on 12 games after suffering an injury in the League Cup against Everton .

isis-killer-beheading-video-story-top Twitter temporarily restricts conspiracy theorist Alex Jones' account
Aug 15, 2018 - 21:43
Even so, a seven-day suspension is a slap on the wrist when compared to punishments dished out to Jones by other companies. Both Apple and Google still include the Infowars live-streaming app in their respective app stores.

isis-killer-beheading-video-story-top Maryland takes responsibility for Jordan McNair's death
Aug 15, 2018 - 20:47
Evans said a bombshell ESPN report alleging an abusive and toxic cultural played a role cutting ties with Court. Loh is adamant in his belief that the school will take steps to make sure this never happens again.

isis-killer-beheading-video-story-top Entire parliament condemns Fraser Anning's controversial maiden speech
Aug 15, 2018 - 19:01
Home Affairs Minister Peter Dutton told Parliament he strongly supported the motion moved by Labor to condemn racism. He said Senator Hanson's speech to the Senate this morning was at odds with her previous views on race and religion.

isis-killer-beheading-video-story-top India to launch first manned space mission by 2022, says Narendra Modi
Aug 15, 2018 - 18:02
Modi's 80-minute speech, broadcast live from the historic Red Fort in New Delhi , comes months before national elections. He said the Swachh Bharat Mission will enable lakhs of children in leading healthier lives.

isis-killer-beheading-video-story-top 21-year-old receives historic face transplant
Aug 15, 2018 - 18:00
Before the procedure, Katie underwent extensive psychological evaluation as a face transplant candidate and suicide survivor. It has now been more than a year since 22-year-old Katie Stubblefield underwent a 31-hour operation to give her a new face.

Turkey issues retaliatory tariffs on USA imports
Aug 15, 2018 - 17:55
Relations between Turkey and the United States have been soured by Brunson's detention, as well as diverging interests on Syria. Dollar-denominated bonds issued by selected Turkish banks continued to fall on Tuesday, although sovereign bonds steadied.

isis-killer-beheading-video-story-top Transfer: Zidane makes contacts with Manchester United, wants Mourinho's job
Aug 15, 2018 - 17:38
Mourinho is still under contract at Manchester United and will continue as manager for the foreseeable future. The report claims that the former Juventus midfielder is especially keen on managing Manchester United .

isis-killer-beheading-video-story-top Gareth Bale is 'ultra professional', says Real Madrid's Julen Lopetegui
Aug 15, 2018 - 15:43
An early test against crosstown rivals Atletico Madrid in the European Super Cup on August 15 may set the tone for the Spanish coach.

isis-killer-beheading-video-story-top USA stocks open higher as Turkish lira rebounds
Aug 15, 2018 - 14:37
The lira rallied slightly on Tuesday, and Erdogan has issued bullish statements about being the target of an economic war . Cavusoglu said: "We support diplomacy and negotiations but it is not possible for us to accept impositions".

isis-killer-beheading-video-story-top Samsung's Galaxy Home Speaker is too little too late
Aug 15, 2018 - 13:27
However, Spotify and Samsung partnership announcement was one of the most unexpected parts for the launch event. The Note's stylus will now have Bluetooth, allowing people to control phones and apps from up to 30 feet away.

isis-killer-beheading-video-story-top Movie Director’s Pregnant Daughter Found Dead in NYC
Aug 15, 2018 - 12:15
Just last week, Johnson took to Instagram to wish McHenry a happy birthday. "I love you?? #leoseason #teamthis", he wrote. Aside from visible bruises on her knees, there were no other injuries or cuts reportedly found on McHenry's body.

isis-killer-beheading-video-story-top 22 dead in Italy after motorway bridge collapses
Aug 15, 2018 - 12:08
It called for a "Marshall Plan" to fix or replace tens of thousands of bridges and viaducts built in the 1950s and 1960s. What caused the collapse is still unknown and prosecutors said they were opening an investigation into the disaster.

isis-killer-beheading-video-story-top Rescue efforts underway in Idlib, Syria
Aug 15, 2018 - 09:29
According to Haj, 13 civilians have been rescued from under the debris of destroyed buildings. They are considered a terrorist organization by Russian Federation and the Syrian regime.