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Turkey to ban US electronics as Lira falls off cliff


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Alternate headline: Turkish Trump and Trump Trump pull respective triggers in Mexican stand-off

 

From the looks of it, international markets are particularly worried about this trade spat.  More so than US/Canada or US/China.

 

Although the tariffs are not the only reason for the fall in the lira.  Erdogan’s projection of his power-consolidating strongman instincts into his economic policies are also driving the slide. (Word to the wise: don’t appoint family members to the finance ministry)

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