Turkey's Erdogan Threatens Boycott of US Goods

Lloyd Doyle
August 15, 2018

Head of the council's external affairs committee, Muhyiddin Junaidi, told Anadolu Agency that they support Turkey and President Recep Tayyip Erdogan's stance against the U.S.

"If (the United States) have the iPhone, there's Samsung on the other side", he said, referring to USA giant Apple's iconic phone and the top South Korean brand.

"We (also) have our Venus and Vestel", he said about homegrown Turkish electronics brands.

The rebound in the Turkish currency to stronger than 6.0 against the dollar was driven by a banking watchdog's step to limit swap transactions and by hopes of improved relations with the European Union.

The lira's plunge - which had been ongoing for weeks - was turned into a rout on Friday when US President Donald Trump tweeted that Washington was doubling aluminium and steel tariffs for Turkey.

Erdogan has been repeatedly photographed with Apple products including the iPhone and iPad.

Turkish Airlines also announced on Twitter that it would join a campaign circulating on social media with a hashtag #ABDyeReklamVerme [don't give ads to America].

USA should respect Turkish judicial process.

"Tax rates on imports of some products have been increased on a reciprocal basis against the U.S. administration's deliberate attacks on our economy", Vice President Fuat Oktay said on Twitter.

Behind the scenes, however, diplomatic dialogue appears to have resumed.

There is no sign of a halt to the deteriorating relationship between the United States and Turkey, a North Atlantic Treaty Organization (NATO) ally, host for the strategically important U.S. Air Force base at Incirlik and gateway to the Black Sea for the U.S. Navy.

The row with Washington has helped to drive the lira TRYTOM=D3 to record lows, with the currency losing more than 40 percent of its value against the dollar this year, prompting central bank liquidity moves to support it.

Turkey doesn't want an economic warfare with anyone.

Businessmen holding USA dollars stand in front of a currency exchange office in response to the call of Turkish President Tayyip Erdogan on Turks to sell their dollar and euro savings to support the lira, in Ankara, Aug. 14, 2018.

Turkey doubled tariffs on some US imports including cars, alcohol and tobacco on Wednesday in retaliation for USA moves, but the lira rallied a further six percent after a fresh move by banking authorities to underpin the currency.

Russian Foreign Minister attends a news conference in Ankara, Turkey, Aug. 14, 2018.

Other reports by Iphone Fresh

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