Central Banking

Trump and Erdoğan: cut from the same populist cloth

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Donald Trump and Turkish president Recep Tayyip Erdoğan are at loggerheads. Trump has applied his steel and aluminium tariffs to $1.8 billion of Turkish products, leading Ankara to retaliate with duties on a corresponding quantity of US exports and, in turn, prompting US trade representative Robert Lighthizer to launch a review of Turkey’s duty-free access to US markets. Trump has demanded that Turkey free the detained evangelical Christian pastor Andrew Brunson, while Erdoğan has long insisted

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