Erdogan: “We could also make new friends”
Washington / Istanbul: Turkish President Recep Tayyip Erdogan has warned the United States against ending his partnership with his country. The government in Washington must start respecting Turkey’s sovereignty, Erdogan wrote on Friday in an article for The New York Times. If the trend of single-handedness and disrespect is not reversed, it will be necessary for Turkey to “look for new friends and allies.” Turkey has alternatives.
Erdogan also announced on Friday that he had spoken in a telephone conversation with Russian President Vladimir Putin about economic relations. Although it was not clear whether this should be a diplomatic counterattack. However, the move suggested that Turkey could move further away from its NATO allies and move towards cooperation with Russia.
At the moment, Turkey is working hard to raise bargaining rates with the United States for a negotiated settlement. “Repeated efforts to make clear to the US government that none of the criteria for tariff increases apply to Turkey have been fruitless,” Trade Minister Ruhsar Pekcan said late on Friday. “Nevertheless, we implore President Trump to return to the negotiating table.” The dispute can and should be settled through dialogue and cooperation.
The Foreign Ministry said Turkey would respond with countermeasures. At the same time, it was emphasized that such problems should be resolved through diplomacy and dialogue and goodwill. The announcement of the tariff increase has accelerated the decline of the Turkish currency and increased the pressure on the government of President Recep Tayyip Erdogan.
Erdogan has long been oriented to Moscow, although Turkey is a NATO member. In the guest, post-Erdogan accused the government of US President Donald Trump not to extradite the Turkish preacher Fethullah Gülen. Erdogan blames Gülen for the July 2016 coup attempt. Erdogan now wrote that the coup attempt resembled “what the American people undoubtedly experienced after Pearl Harbor and the September 11 attacks.”
Trump had earlier announced a doubling of the special tariffs on steel and aluminum from Turkey in the dispute over the detained in Turkey-US Pastor Andrew Brunson. The lira broke at times by about one fifth.
Erdogan called his countrymen to unity: “Whoever thinks he will be able to force us down by economic manipulation, does not know us.” He called on the people to exchange euro, dollar, and gold into their national currency. “We will win the economic war,” he said.
Turkey expert Timothy Ash wrote on Twitter about the crash of the lira: “Madness. Where is the central bank? Credibility now totally destroyed. They have to get that under control or make room for a new team that can handle the job. ”
The Turkey representative of German trade promotion company Germany Trade and Invest (GTAI), Necip Bagoglu, refers above all to a “credibility problem” with investors. New projects in Turkey have been “put off” for some time, said a Western diplomat. Others go. On Wednesday, the German energy provider EWE had confirmed that he wanted to sell his company in Turkey. As soon as a prospective buyer offers “an acceptable price”, EWE will break away from the Turkish business.
Turkish companies are particularly affected. Experts warn that many Turkish borrowers could no longer service loans in euros or dollars. GTAI representative Bagoglu said he had phoned the boss of a Turkish company, who had been importing ball bearings for the industry and had now suspended their business.
Let’s wait and see where things are going. Because of the massive price fluctuations, the company did not see any “healthy basis for pricing more,” said Bagoglu.