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The political spat with Washington has added to pressure on Turkey's currency, the lira, which has plunged against the dollar.Turkish President Recep Tayyip Erdogan has accused the United States of stabbing Turkey in the back and on Tuesday called for a boycott of US electronics products.In June, Turkey imposed a first wave of tariffs on US exports, worth a total of .8 billion, in retaliation for President Donald Trump's initial tariffs on steel aluminum. The products targeted Wednesday are the same as in June."Turkey is not in favor of an economic war, but we cannot remain with no reaction if there is an attack on us," Ibrahim Kalin, a Turkish presidential spokesman, said Wednesday.The amount of products affected by the tariffs the two countries have imposed on one another are a relatively small part of the billion of goods they traded last year, according to US data.The lira strengthened for a second consecutive trading session on Wednesday, with gains for the day reaching 6% in morning trade in Europe. The currency is still down more than 35% against the dollar in 2018.The diplomatic dispute with the United States is just one of the factors that has hammered the Turkish currency.Investors have also been unnerved in recent weeks by a lack of action by the Turkish central bank, which shocked markets last month when it declined to hike interest rates in the face of rampant inflation.Critics said the decision smacked of interference by Erdogan, who indicated during the recent presidential campaign that he wanted more control over central bank policy and described interest rates as "the mother and father of all evil."Although Erdogan says he opposed interest rate hikes, he has not made a clear argument for why Turkey's central bank should keep rates low.The central bank announced a handful of marginal measures designed to reassure investors on Monday. But analysts are calling on the central bank to deploy much more of its firepower.One dollar bought just seven lira at one point this week, compared with fewer than four at the start of the year."No matter how much money we make it finishes because the prices are going up. Fruit and vegetable prices are going up," said Sevim Pektas, a housewife, told CNN this week. "I do not understand how retired people or people earning minimum wage can afford their rent." 2350
The outspoken LaVar Ball has made regular headlines with his provocative comments since eldest son Lonzo began starring at UCLA last year. A former college basketball player who has been training his sons since they were kids, LaVar Ball said he could beat Michael Jordan one-on-one and that Lonzo, while still in college, was better than two-time NBA MVP Steph Curry. 368
The man, who was using a walker, attempted to cross Texas Street outside a crosswalk and was struck by a 45-year-old man driving a 2015 Chevrolet Cruze sedan southbound on the road, Buttle said. 194
The messages uncovered a vengeful approach to government, attacks on journalists, threats to turn over political opponents to the police as well as homophobic and misogynistic remarks. 184
The losses also affect the local economy around the Dodgers organization, Koretz and Cedillo said, as the ball club may have received more interest had they won the two titles. 176