Erdogan Threatens To Boycott American Electronics
Erdogan Threatens to boycott American Electronics. Political pressures between Turkey and the United States are increasing. Turkish president Recep Tayyip Erdogan says he is going to boycott American electronic products.
The Turkish president states that Turkey will not buy products from American companies such as Apple.
“If they have iPhones, there is also Samsung on the other side,” mentioned Erdogan.
“In Turkey, we also have Vestel Venus phones.” After the judgment, the share of Vestel jumped up.
Erdogan’s statements follow new US sanctions and import duties and the signing of a defence law by US President Donald Trump.
As a result, the transfer of one hundred American F-35 fighters to Turkey is stopped.
The sanctions and import duties have led to a sharp fall in the value of the Turkish lira during the past week.
On Friday, the lira reduced by almost 14 percent and on Monday more than 6 percent left. On Tuesday, the rate of the currency improved again.
On Monday, the Turkish central bank took steps to counteract a fall in the currency, but this approach could not prevent further falls.
The dispute between the countries has been going on for some time.
The disagreement revolves around an American pastor who is held in Turkey.
The man is suspected of terrorist activities and according to the Turkish government as a spy would have been active for the Kurdish separatist movement.