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Thread: Our relations with Turkey are not good at this time!

  1. #1 Our relations with Turkey are not good at this time! 
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    Donald J. TrumpVerified account @realDonaldTrump 6h6 hours agoMore



    I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!
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    Turkish lira meltdown sparks stocks sell-off on contagion fears as Trump doubles Turkey tariffs

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    Fears of contagion from the Turkish lira meltdown has sparked a rout on European markets as president Recep Tayyip Erdogan refuses to bow to investor pressure.

    As the lira plunged as much as 18pc against the dollar to record lows, fears mounted over the exposure European banks have to Turkey’s huge burden of dollar-denominated debt.

    Despite pressure from markets and Donald Trump doubling tariffs on Turkish steel and aluminium imports, president Erdogan was defiant. He vowed to take on the “economic hitmen” and “interest rates lobbyists” urging him to change course.

    Mr Erdogan urged his followers to convert their dollars and gold into lira to rescue the currency sliding to new all-time lows. On interest rates, he added: "You won't be able to make money on the back of this nation. You won't make this nation kneel."

    The EuroStoxx Banks index, which tracks the European sector, plummeted 3.2pc to its lowest level since 2016 on fears of exposure to the crisis next door. Bank of International Settlements data indicated that Spanish and French banks were most vulnerable to Turkish borrowers.

    Shares in BBVA and Unicredit, banks exposed to the debt, plunged over 5pc in intraday trade as the sector suffered heavy losses while the lira sell-off spread into other emerging markets currencies, such as the South African rand and Argentine peso.

    The lira's freefall has accelerated in recent days amid a row between Turkey and the US over the detention of an American Christian pastor.

    Investors have been spooked by the Turkish leader tightening his grip on the country's monetary policy in 2018. Mr Erdogan has the unconventional view that lowering interests rates will combat the country's rampant inflation and called rates the "mother of all evil".
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    The United States imposed sanctions on two Turkish officials earlier this month over a detained American pastor who is being tried on espionage and terror-related charges.



    Turkey vowed retaliation “without delay” and warned the move would further harm relations between the two allies.
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  6. #6  
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    Kick the Turkish despot out of NATO.


    He dared to defy Trump by detaining the pastor.

    He attacked the Kurds in Syria






    BASTARD
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    'He is suffering greatly!' Trump threatens 'large sanctions' against Turkey if NATO ally doesn't free jailed pastor


    +6









    Andrew Brunson, an evangelical pastor from Black Mountain, North Carolina, has been held by Turkey's government since 2016 on terrorism and espionage charges
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    Fuck Turkey and their muslim dictator.
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