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RSS FeedsTurkish lira crisis: President Erdogan threatens boycott of US electrical goods - live updates
(The Guardian Business News)

 
 

14 august 2018 12:22:02

 
Turkish lira crisis: President Erdogan threatens boycott of US electrical goods - live updates
(The Guardian Business News)
 


Turkeyīs leader refuses to back down in diplomatic row with America, but lira still rises by 5% Latest: Turkish president threatens to boycott US goodsErdogan: We donīt need to buy iPhonesEarlier:Indian rupee hits record lowUS demands pastorīs release from Turkish house arrestIntroduction: Lira crisis weighs on the markets 10.49am BST By threatening to boycott American electronics, president Erdogan is signalling that he wonīt be cowed by the market turmoil.Erdogan fired a shot back at the US with a statement saying he would ban US electronic goods. I canīt imagine Apple is too worried about this, but it nevertheless points to a worrying deterioration in relations between Ankara and Washington.Erdogan doubling down like this wonīt help market sentiment. 10.40am BST Hereīs Associated Pressīs take on Erdoganīs speech:Turkish President Recep Tayyip Erdogan says his country will boycott U.S.-made electronic goods amid a diplomatic spat that has helped trigger a Turkish currency crisis.Showing no signs of backing down in a standoff with the U.S., Erdogan suggested that Turkey would stop procuring U.S.-made iPhones and buy Korean Samsung or Turkish-made Vestel instead. Continue reading...


 
12 viewsCategory: Business
 
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