The global economy is reacting to the crisis between Türkiye and the US, and this could affect NATO.
The reactions come after the Donald Trump administration imposed sanctions on the country and doubled tariffs on steel and aluminum; there is also a risk that the tensions could impact the actions of US troops in Syria and the unity of the North Atlantic Treaty Organization (NATO), according to experts.
Brazil Agency*
Brasilia Tensions between the United States and Turkey are affecting Asian stock markets and impacting the rest of the world. The reactions come after the US government imposed sanctions on the country and doubled tariffs on steel and aluminum. This decision has increased distrust among foreign investors in Turkey and caused the value of the Turkish lira to fall, losing more than 25% this month alone.
Meanwhile, experts also believe there is a risk that these tensions could impact the actions of US troops in Syria and the unity of the North Atlantic Treaty Organization (NATO).
Turkish President Recep Tayyip Erdogan warned that he will not hesitate to respond if the United States... Turkey's Foreign Minister, Mevlüt Çavusoglu, stated today (13) that his country has done "enough" to overcome tensions: "We are open to diplomacy and consensus, but accepting impositions is out of the question."
The administration of US President Donald Trump is demanding that Turkey release Pastor Andrew Brunson, who has been detained for two years on charges of terrorism and espionage. Meanwhile, the Turks accuse the United States of supporting Kurdish militias in Syria, which they consider terrorist groups.
Accusations
Tayyip Erdogan today accused the US government of "stabbing Turkey in the back" through economic measures, despite both countries fighting together in several conflicts within the framework of the North Atlantic Treaty Organization (NATO). He criticized the doubling of tariffs on Turkish steel and aluminum.
"There is a World Trade Organization. You can't go to sleep and wake up to the news that there are new tariffs on steel," said the Turkish leader.
Erdogan also denied, as did his son-in-law and Economy Minister Berat Albayrak yesterday, that Turkey intends to confiscate foreign currency deposits or forcibly convert them into Turkish liras to curb the fall of the national currency.
*With information from the EFE news agency.