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Turkish economy under attack by US, Erdogan says

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Turkish economy under attack by US, Erdogan says

The President of Turkey, Recep Tayyip Erdogan has told those who care to listen that the US is attacking his country’s economy after Donald Trump announced a doubling of steel and aluminum tariffs on Ankara.

The move by Trump which has seen the country’s currency go into a tail-spin is reportedly piling economic pressure on the NATO ally (Turkey).

Trump’s announcement on Friday came hours after Erdogan lashed out against a shadowy international “interest rate lobby” which, he suggested, was “campaigning” to harm Turkey’s economy, after the lira fell more than 14 percent overnight.

Read also: Cold war between Russia & US over, Putin says

“The dollar cannot block our path,” Erdogan said during a speech in the Black Sea city of Rize.

“However, I say it once again from here. If there is anyone who has dollars or gold under their pillows, they should go exchange it for liras at our banks,” he told the crowd.

Washington and Ankara had been at loggerheads over the release of an American pastor Andrew Brunson who is held in Turkey.

Brunson, a Christian pastor from North Carolina who has lived in Turkey for more than two decades was detained by a court in Turkey on charges bordering on spying and terrorism and now faces up to 35 years in jail if found guilty.

 

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