KUALA LUMPUR (Aug 2018): The Reuters report titled White House condemns Turkey's tariffs on U.S. imports is both laughable and annoying.
We, at I Love Malaysia-China Silk Road, really don’t know whether to laugh or cry for the Americans and their president.
Really, for the past Century or more, who has been slapping sanctions and tariffs at every corner of this planet?
Does President Donald Trump and the US think they are God and that the rest of the world come under their rule?
So, only the US can impose sanctions and tariffs on this planet?
It is no wonder that the majority of Americans now find Trump obnoxious and hateful.
Read on and find out how Turkey is turning the tables on the US by imposing the same treatment on American goods:
"White House condemns Turkey's tariffs on U.S. imports
Thursday, 16 Aug 2018
4:10 AM MYT
WASHINGTON (Reuters) - The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action "a step in the wrong direction."
Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminium last week, which contributed to a tumble in the Turkish lira. [nL5N1V60G4]
"The tariffs from Turkey are certainly regrettable and a step in the wrong direction. The tariffs that the United States placed on Turkey were out of national security interest. Theirs are out of retaliation," White House spokeswoman Sarah Sanders told reporters.
Tensions between the two NATO allies have been strained amid Turkey's detention of American pastor Andrew Brunson. Turkey has accused Brunson of backing a coup attempt against Erdogan two years ago.
Sanders said Brunson's release would not lead to an easing in the tariffs, but that it could lead to an easing in sanctions.
"The tariffs that are in place on steel will not be removed with the release of pastor Brunson. The tariffs are specific to national security," she said.
"The sanctions, however, that have been placed on Turkey are specific to pastor Brunson and others that we feel are being held unfairly, and we would consider that at that point," Sanders added.
(Reporting by Jeff Mason; Writing by Makini Brice and Tim Ahmann; Editing by James Dalgleish and Jonathan Oatis) - Reuters/The Star Online
Qatar to invest $15 billion in Turkey; source says banks the focus
Wednesday, 15 Aug 2018
11:58 PM MYT
ANKARA (Reuters) - Qatar pledged $15 billion (£11.8 billion) of investment in Turkey on Wednesday
that a government source in Ankara said would be channelled into its banks and financial markets.
The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a worsening commercial and political standoff with NATO ally the United States.
The currency has lost nearly 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
Its precipitous decline has raised concerns about the resilience of Turkey's banking sector and caused ructions on global markets.
Following the Qatar news, the lira firmed briefly to 5.8699 from 6.04 to the dollar, before easing back to 6.0500 by 1658 GMT.
The currency had rebounded some 6 percent on Wednesday after the central bank squeezed lira liquidity in the market, effectively pushing up rates and supporting the currency.
Turkey and Qatar have traditionally maintained good ties.
Ankara stood by Doha after Saudi Arabia and other Arab states severed diplomatic, trade and travel ties with Qatar last year, accusing it of financing terrorism, a charge Doha denies.
Qatar's royal court released a statement saying Al-Thani "issued directives that will see the State of Qatar to provide a host of economic projects, investments, and deposits" worth $15 billion to support the Turkish economy.
Erdogan's spokesman praised Qatari-Turkish relations on Twitter. "The fundamentals of the Turkish economy are robust and Turkey will emerge stronger from this process," Ibrahim Kalin wrote.
(Reporting by Orhan Coskun, Writing by Sarah Dadouch, Additional Reporting by Ghaida Ghantous; Editing by Dominic Evans and John Stonestreet) - Reuters/The Star Online"