USA to Increase Tariffs on Turkish Aluminum, Steel

USA to Increase Tariffs on Turkish Aluminum, Steel

Turkish President Recep Tayyip Erdogan on Sunday slammed the crash of the lira amid a widening spat with the United States as a "political plot" and said his country would instead seek new markets and new allies.

Since then, its relationship with Turkey, the sixth largest steel importer to the U.S., the world's biggest steel importer overall, has deteriorated, prompting Ankara to send a delegation this week to Washington to meet with both the State and Treasury Departments. He urged Washington to give up the misguided notion that bilateral relations could be "asymmetrical" and realize that Turkey had alternatives "before it is too late".

At 8.47 a.m. Eastern time - 3:47 p.m.in Turkey - Trump had turned to Twitter to announce that he would be doubling steel and aluminum sanctions on Turkey. The U.S. responded by filing a complaint against the country with the World Trade Organization.

While the numbers tell one story, trade relations and politics tell another.

"I call out to those in the United States".

Turkey's detention of Andrew Brunson on security-related charges is one of a series of disputes at the heart of deteriorating ties between the two countries.

Brunson and his wife Norine were imprisoned in October 2016, three months after that coup attempt in Turkey, for their alleged links to the movement of religious leader Fethullah Gulen and the Kurdistan Workers' Party. The pastor was accused of supporting terrorism; the pastor denies any involvement.

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"You are trading a strategic North Atlantic Treaty Organisation ally for a pastor", Erdogan said Saturday. decision to sanction Turkey for its imprisonment of an American priest. He is suffering greatly. Turkey's energy minister announced on August 8 that Turkey will keep buying liquid natural gas from Iran in violation of US sanctions.

High level meetings in Washington between USA and Turkish officials ended this week without an apparent resolution.

On March 1, Trump had announced global tariffs of 10 percent on all aluminum to the USA and 25 percent on all steel imports. "Without Turkish cooperation, US goals in Syria, Iran, Russia, and even Europe become more hard". -Turkish relationship, a deterioration made worse by Turkey's worsening human rights record and increased cooperation with Russian Federation and Iran in Syria.

In June, the U.S. Senate passed a bill prohibiting Turkey from buying F-35 fighter jets because of Brunson's imprisonment and Turkey's purchase of Russia's S-400 air defense system.

Turkey's currency, the Lira, plunged on Friday sparking concerns about the country's financial stability as investors anxious about Turkey's president's economic policies and a dispute with the U.S.

The move against President Recep Tayyip Erdogan's government also highlights the disconnect between Turkey and the U.S.as they fail to negotiate their way out of an array of conflicts.

Erdoğan stressed that the Turkish economy has not come to the edge of an economic crisis, pointing to the increase in manufacturing, exports and tourism revenues.

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