Turkish President Recep Tayyip Erdoğan said on Tuesday Turkey would boycott electronic products from the United States, which has imposed sanctions and raised tariffs against Ankara in a dispute about the detention of American pastor Andrew Brunson.
Erdoğan said Turkey has been taking necessary measures regarding the economy, amid a slide in the lira currency exacerbated by the dispute with Washington, but it was important to keep a firm political stance. Switching to foreign currency would mean giving in to the enemy, Erdoğan said.
Meanwhile, the Turkish business world is offering support for the success of the measures and goals of the government’s new economic prospective, two leading business institutions announced on Tuesday.
“We will overcome current financial difficulties in solidarity with our people,” said in a joint statement issued by the Turkish Union of Chambers and Commodity Exchanges (TOBB) and the Turkish Industry and Business Association (TUSIAD).
“Preserving the production and employment capacity of the real sector carries the utmost importance,” they added.
Stressing that the foundations of the country’s economy are solid, they said that “Our economy is facing a delicate period due to global developments and internal dynamics.”
To protect the real economy from a lasting impact, necessary measures must be taken promptly, the statement underlined.
The two institutions suggested a number of moves, including a tighter monetary policy to stabilize exchange rates, austerity measures, a roadmap to permanently bring down inflation, strengthening relations with Turkey’s most important trade partner the EU, and continuing diplomatic efforts to urgently solve problems with the US under a strategic partnership framework.
They also said that “The business world firmly believes that our economy will quickly return to balanced and sustainable growth through the application of these necessary measures.”
Meanwhile, Abdulkadir Selvi, an Erdoğanist journalist wrote in the Hürriyet newspaper on Tuesday that Andrew Brunson, a US citizen detained in Turkey since 2016, could be released immediately under certain circumstances.
Selvi said the dispute over Brunson, which has contributed to the dramatic decline in Turkey’s economic situation over recent days, now resembles a “wrestling match” between US President Donald Trump and his Turkish counterpart, Erdoğan. As such, any solution to the crisis would require direct contact between the two leaders.
Discussing the possibility of Brunson’s release, Selvi suggested that should new information or new documents pertaining to the case appear, they could result in Brunson’s release. More specifically he wrote that “a document indicating that the long detention has negatively affected his mental health would suffice,” adding that under such conditions he could be released immediately.
However, Selvi also struck a cautious note, adding that even were the crises over Brunson to be resolved, “there is no doubt that another crisis will occur”.
The detention of Brunson, on charges the United States says are trumped-up, has contributed to a perception that Turkey’s judiciary is being used a political tool by the Turkish government, with some suggesting that he was detained to be used as a bargaining chip in negotiations with Washington. Turkey has disputed this account, stressing that its judiciary is independent of government control.
The post Erdoğan says Turkey will boycott US electronic products appeared first on Stockholm Center for Freedom.
from Stockholm Center for Freedom https://stockholmcf.org/erdogan-says-turkey-will-boycott-us-electronic-products/
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