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demmiblue

(36,875 posts) Thu Jun 21, 2018, 06:21 AM Jun 2018

Turkey Hits Back at U.S. With Tariffs on $1.1 Billion of Goods

Source: Bloomberg

The Turkish government imposed tariffs of $266.5 million on $1.1 billion worth of U.S. goods Thursday in retaliation for President Donald Trump’s levies on steel and aluminum imports.

“We cannot and will not allow Turkey to be wrongly blamed for America’s economic challenges,” Turkish Economy Minister Nihat Zeybekci said in a statement. “We are part of the solution, not the problem.”

The tariffs will affect 12 percent of the $9.4 billion worth of goods that the U.S. exports to Turkey, according to data provided by the U.S. Trade Representative. Total goods and services trade between U.S. and Turkey was $22.4 billion in 2016, the most recent data available.

The move comes as other World Trade Organization members prepare to trigger retaliatory tariffs against the U.S.

Read more: https://www.bloomberg.com/news/articles/2018-06-21/turkey-hits-back-at-u-s-with-tariffs-on-1-1-billion-of-goods?utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter

9 replies

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Highlight:

Turkey Hits Back at U.S. With Tariffs on $1.1 Billion of Goods (Original Post) demmiblue Jun 2018 OP

republicans provoke PISS on American prosperity Achilleaze Jun 2018 #1

the announcement has sent the dow jones futures down...I wonder why? Markets don't like beachbum bob Jun 2018 #2

And Bannon sits back and exhorts - BumRushDaShow Jun 2018 #3

Trump now has a 6 front trade war. His strategy: create enemies & unite them against you. Bernardo de La Paz Jun 2018 #4

Isolation is one of many dictators tools for control Perseus Jun 2018 #7

He is manufacturing an economic crisis bucolic_frolic Jun 2018 #5

Excellent summary Perseus Jun 2018 #8

Wonder if Princess Ivanka manufactures anything in Turkey. Vinca Jun 2018 #6

So WHAT do we export to them?? Be nice to know by reading an article..... Bengus81 Jun 2018 #9

Achilleaze

(15,543 posts)

1. republicans provoke PISS on American prosperity

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 06:27 AM

Jun 2018

Thanks a reeking diaperload, republicans.

beachbum bob

(10,437 posts)

2. the announcement has sent the dow jones futures down...I wonder why? Markets don't like

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 06:45 AM

Jun 2018

trade wars where they see loss of business, jobs, income? Why is that?

wait for Chinese announcement on their plan to the latest Trump tantrum.....

BumRushDaShow

(129,376 posts)

3. And Bannon sits back and exhorts -

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 06:53 AM

Jun 2018

Bernardo de La Paz

(49,032 posts)

4. Trump now has a 6 front trade war. His strategy: create enemies & unite them against you.

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 07:00 AM

Jun 2018

China, Canada, EU, Mexico, India, Turkey.

Perseus

(4,341 posts)

7. Isolation is one of many dictators tools for control

Reply to Bernardo de La Paz (Reply #4)

Thu Jun 21, 2018, 07:24 AM

Jun 2018

When the country becomes isolated and no one wants to deal with you it gives a chance to create fictitious enemies, which the dictator's policies created in the first place. Isolation is important because to the stupid, it means "us against them" so they unite by a false premise that the World is against us and we must fight and support our "leader" for us to win that war.

George Orwell's "1984", and the others I list below, should be must read for high school kids in the 9th grade, then a review on the 11th and 12th grade because they need to be able to compare, and prepare, against the policies and actions that people running for office have and are planning to make. We need an educated voter population, and the only way is to push them to read relevant literature.

Three books should be a must in high school:
1. George Orwell's "1984"
2. Sinclair Lewis "It Can't Happen Here"
3. George Orwell's "Animal Farm"

Then kids will learn to recognize demagogues and liars who are running for office and dismiss them when the cast their vote.

bucolic_frolic

(43,258 posts)

5. He is manufacturing an economic crisis

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 07:02 AM

Jun 2018

Workers are scarce, so he's deporting unskilled labor.

Tariffs are making foreign-made things we buy more expensive, and restricting supply.

Foreign retaliatory tariffs are reducing our exports.

Higher prices, reduced supply, reduced production.

This is a prescription for market disruptions, scarcity, inflation, black market goods, capital flight, government controls on free markets potentially.

This is a Whack-job's economic policy.

Perseus

(4,341 posts)

8. Excellent summary

Reply to bucolic_frolic (Reply #5)

Thu Jun 21, 2018, 07:26 AM

Jun 2018

Your summary should be copied and sent to everyone you know, this is exactly what has been done in countries like Venezuela, and see where they are now.

Vinca

(50,302 posts)

6. Wonder if Princess Ivanka manufactures anything in Turkey.

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 07:03 AM

Jun 2018

Bengus81

(6,932 posts)

9. So WHAT do we export to them?? Be nice to know by reading an article.....

Reply to demmiblue (Original post)

Thu Jun 21, 2018, 08:27 AM

Jun 2018

Went and looked it up.............

U.S. exports to Turkey include aircraft, iron and steel, agricultural goods, oil, cotton yarn and fabric, and machinery.

U.S. imports from Turkey include vehicles, machinery, iron and steel and their products, agricultural goods, travertine, and marble.Jan 25, 2018.

Slap some BIG tariff on travertine and marble Donnie and make those housewives mad at you when they can't afford it. BTW,price at my pump is 50-60 cents a gallon higher than when Shitler took office yet we send OIL to Turkey??

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