Tags: Donald Trump | richard haass | turkey | tariffs | economy

Richard Haass: Turkey Tariffs Give Erdogan a Scapegoat

Richard Haass: Turkey Tariffs Give Erdogan a Scapegoat
Turkish President Recep Tayyip Erdogan (Getty Images)

By    |   Wednesday, 15 August 2018 09:53 AM

President Donald Trump's tariffs on Turkey allow Turkish President Recep Tayyip Erdogan to blame the United States for his country's already-failing economy rather than accepting his own government's missteps, Richard Haass, president of the Council on Foreign Relations, said Wednesday.

"It allows Erdogan to blame us, rather than [being] blamed for it by his own people," Haass told MSNBC's "Morning Joe." "He was basically committing economic suicide by himself. I would have let him do it and not now give him the argument that somehow it's the United States to blame."

Erdogan made his own mistakes, including putting his son in charge of the country's finance ministry and weakening the country's central bank by not allowing it to raise interest rates, Haass said.

There is also the issue of economic "contagion" worldwide, Haass said.

"What's happened, a lot of these countries essentially borrowed an awful lot of money and borrowed it in dollars," he said. "Now that the dollar is strengthened against their own currency, their ability to pay back debt in many cases, not just Turkey, is suspect."

Meanwhile, Congress is already backing efforts to squeeze Turkey, including Monday with the passage of the John McCain National Defense Authorization Act, Haass said.

"There was a provision in it, essentially putting on hold the American transfer or sale of the F35 aircraft to Turkey," Haass said. "The fact Congress stepped in here, to me, was a welcome sign they are still willing to at least accept some of their foreign policy responsibilities. I hope these aircraft never go to Turkey."

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President Donald Trump's tariffs on Turkey allow Turkish President Recep Tayyip Erdogan to use the U.S. as a scapegoat for their failing economy, according to Richard Haass, president of the Council on Foreign Relations.
richard haass, turkey, tariffs, economy
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2018-53-15
Wednesday, 15 August 2018 09:53 AM
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