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Trump Increases Tariffs on Turkey: Lira Plunges 18%, Global Stock Spillover

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Posted by Mike Mish Shedlock

on Friday, 10 August 2018 11:21

turkissue

The Turkish Lira collapsed as much as 18% as Trump escalated his feud with Turkey over a detained US pastor.

The US wants Turkey to release protestant minister Andrew Brunson who is charged with "acting on behalf of two groups deemed by Turkey to be terrorists." Brunson has been under house arrest in Turkey since October 7, 2016.

Erdogan demands the US return Turkish cleric Fethullah Gülen who is in exile in the US. Turkey accuses Gülen of terrorism. Charges of terrorism are ridiculous. Edrogan refuses to give the US evidence.... CLICK for complete article


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