Washington and Turkey

rift: With Ankara locked in a complex rift with Washington, he also played down a decision by US President Donald Trump to double tariffs on imports of Turkish metals, according to Nine News Australia. Washington later said it was ready to impose further economic sanctions on Turkey. To improve your experience update it here News World Turkey 'will emerge stronger from crisis'5 01am Aug 17, Finance Minister Berat Albayrak has assured international investors the nation will emerge stronger from its currency crisis, insisting its banks are healthy and signalling it could ride out a dispute with the USIn a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan's son-in-law - said Turkey fully understood and recognised all its domestic challenges, but was dealing with what he described as a market anomaly. Many countries had been the target of similar US trade measures, Albayrak said on Thursday, and Turkey would navigate this period with other parties such as Germany, Russia and China. Before he spoke, the lira strengthened more than 3 per cent, despite signs that the dispute with the United States is as wide as ever. He added that Turkey had no plans to seek help from the International Monetary Fund or impose capital controls to stop money flowing abroad in response to the recent collapse of its lira currency. (news.financializer.com). As reported in the news.