Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
Turkish President Recep Tayyip Erdogan on Monday said he was sad about a decision by the US embassy to stop all regular visa services in Turkey amid a diplomatic row.
“Above all, this decision is very, very saddening,” Erdogan said in his first reaction to the decision, at a news conference with Ukrainian counterpart Petro Poroshenko in Kiev.
“For the (US) ambassador in Ankara to take a decision like this, to put into practice is saddening,” he added.
The row, which analysts have described as the worst dispute between the NATO allies in half a century, erupted when Turkey jailed a Turkish employee working at the US consulate in Istanbul.
Ankara hit back at the US move to suspend the issuing of non-immigrant visas with a tit-for-tat response against American citizens in the United States wishing to travel to Turkey.
Erdogan defended Turkey’s reaction to the crisis, saying: “Turkey is a state with the rule of law, we are not a tribal state.”
He noted that the announcement by the Turkish embassy in Washington announcing the visa suspension had on purpose imitated the language used by the US embassy.
“Based on the principle of reciprocity, our embassy in America should give exactly the same text as they give,” he said.
“Above all, this decision is very, very saddening,” Erdogan said in his first reaction to the decision, at a news conference with Ukrainian counterpart Petro Poroshenko in Kiev.
“For the (US) ambassador in Ankara to take a decision like this, to put into practice is saddening,” he added.
Ankara hit back at the US move to suspend the issuing of non-immigrant visas with a tit-for-tat response against American citizens in the United States wishing to travel to Turkey.
Erdogan defended Turkey’s reaction to the crisis, saying: “Turkey is a state with the rule of law, we are not a tribal state.”
He noted that the announcement by the Turkish embassy in Washington announcing the visa suspension had on purpose imitated the language used by the US embassy.
“Based on the principle of reciprocity, our embassy in America should give exactly the same text as they give,” he said.
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