President Trump has called on Turkey for an immediate cease-fire in Syria. The White House announced sanctions on three senior Turkish officials and hiked steel tariffs on the country. Bloomberg’s Simin Demokan reports on “Bloomberg Markets: European Open.”
President Donald Trump said the U.S. is “ready to go” with more sanctions on Turkey in response to its incursion into Syria, after his defense secretary said the president ordered a deliberate withdrawal of troops from northern Syria to keep them out of harm’s way. Ros Krasny reports on "Bloomberg Daybreak: Australia"
Turkey is under growing criticism for its military incursion into Syria with Senators in Washington demanding immediate sanctions. President Erdogan says ground troops are now inside Syria after a wave of airstrikes on Kurdish forces. Bloomberg’s Joe Sobczyk reports on “Bloomberg Daybreak: Asia.”
The White House has reportedly settled on a sanctions package to punish Turkey for receiving parts of a Russian missile defense system. We learned that the U.S. is preparing to announce them later this week. But the expectation among lira traders is that the economic impact will be minimum.