Donald Trump's Tariffs Create Economic Chaos in Turkey. Will Erdogan Cave—Or Will NATO Kick Him Out?
By Bill Powell On 8/17/18 at 4:10 AM
The current economic crisis in Turkey, which continues to roil global equity markets, is but the most recent and most visible evidence of Ankara’s deteriorating relations with the United States and with Washington’s NATO allies. It is a diplomatic crisis that’s been coming for more than two years, but President Donald Trump appears to have just realized it. Only a month ago, Trump fist-bumped Turkish President Recep Tayyip Erdogan and said of him, “He does things the right way.” Then, on August 11, Trump doubled the tariffs on Turkish-produced steel and aluminum and said via tweet, “relations between us are not good at this time.”
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