Erdogan says US behind economic attack on Turkey

Turkish President Tayyip Erdogan makes a speech during a meeting in Ankara, Turkey September 13, 2018. (File/Reuters)
Updated 14 September 2018
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Erdogan says US behind economic attack on Turkey

ISTANBUL: Turkish President Tayyip Erdogan on Friday blamed the United States for what he called a “heinous economic attack” that has sent the lira tumbling some 40 percent this year.
At a speech to officials from his AK Party in Ankara, Erdogan also said Turkey would see the result of the central bank’s independence after its substantial rate increase a day earlier. On Thursday the central bank lifted its benchmark rate by 6.25 percentage points.


China cancels trade talks with US as tariff threats escalate

Updated 22 September 2018
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China cancels trade talks with US as tariff threats escalate

  • A mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned
  • China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods

SHANGHAI: China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned.
Earlier this week, China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods set to go into effect from Sept. 24.