Erdogan spoke about Turkey’s reply to a trade war United States

© RIA Novosti / Alexei Vitvitskiy in Photobacterium Recep Tayyip Erdogan. Archival photoErdogan spoke about Turkey’s reply to a trade war United States© RIA Novosti / Alexei Vitvitskiy the image Bank

President Recep Tayyip Erdogan said that Ankara will respond to the declared trade war, turning to new markets, reports the Turkish Anadolu news Agency.

On Friday, the US President, Donald trump declared that sanctioned twice to raise taxes on aluminum and steel from Turkey — up to 20% and 50%, respectively, which caused another drop in the Turkish Lira to a historic low. It fell to 6.62 per dollar, having lost during the day nearly 20% of its value.

‘We will reply to those who have declared a trade war on the world and dragged it to our country, cooperation in the framework of the new associations and the unions’ stated the Turkish leader. Erdogan added that Turkey will respond to it, «turned to new markets.»

The President noted that the purpose of such operation «to subdue the Turkey in all spheres, from Finance to politics.» He added that his country faced «treacherous political game», and «it is foolish to believe that Turkey will tremble from the exchange rate».

Relations between Ankara and Washington

Earlier, the us Treasury imposed sanctions against the Minister of justice of Turkey Abdulhamit Gul and the Minister of internal Affairs of the country Suleyman Soylu the case of pastor Andrew Brunson. They were forbidden entry into the United States and their assets in the country frozen. After that, the rate of the Lira against the dollar fell sharply.

American pastor held in Turkey in October 2016. He is accused of aiding the opposition of the Islamic preacher Fethullah gülen FETO recognized in Turkey as a terrorist and in support of the country banned the Kurdistan workers ‘ party (PKK). Brunson denies the allegations, calling them «shameful and disgusting».Erdogan spoke about Turkey’s reply to a trade war United States© RIA Novosti / Vitaly Policemaster of contention