russia is hesitant and even wants not part of it therefore the hooks in their jaws turning them towards the war.
The United States has been in a bit of a dispute with Turkey for about two years. That dispute is now resulting in an almost total collapse of Turkish currency, signalling credit DEFAULT for Turkish companies, and now, may drag into Bankruptcy, certain European Banks which lent Billions to Turkey. The matter is quickly becoming a major financial disaster, and the US will not stop what it's doing to Turkey (Deliberately causing these troubles) until Turkey releases an American citizen they've been holding for almost two years.
The issue has to do with the Turks demanding the US turn over some Turkish guy from Pennsylvania, whom the Turks believe had something to do with the failed Coup against Turkish President Recypt Erdogan.
The US asked Turkey to provide EVIDENCE that the man in Pennsylvania had anything at all to do with it, and Turkey FAILED to provide evidence. So the US won't turn him over.
In response, Turkey arrested a US Pastor on bogus "terrorism" charges and has been holding that Pastor in jail. The US wants our citizen released and Turkey says no. Sooooo, the US imposed economic sanctions upon Turkey. But the Turks are stiff-necked, they wouldn't release our citizen.
The sanctions began having a very significant impact upon Turkey, especially on the value of Turkish money, called Lira. The value of the Lira has been steadily dropping for months because countries are not doing business with the Turks on account of US Sanctions.
Last week, things suddenly started going very bad for Turkey. Companies in Turkey who have loans, are required to repay those loans in US Dollars. But with the value of the Turkish Lira falling so much, companies don't have enough Lira to buy enough Dollars to repay their loans. Some of those companies -- major companies in Turkey -- are now facing the very real prospect of LOAN DEFAULT.
As of 9:35 a.m. EST, today, Friday, Turkey's currency has fallen 16.6%. That's 16.6% TODAY!
This now has potential to bring down many banks that have loaned hundreds of billions of dollars to Turkey. Those banks have required that their loans be repaid in US Dollars, not the Turkish lira. Since their lira is falling apart, they cannot purchase those US dollars and will default on all those loans. This has the potential to bring down the entire European economy!
Turkish President Erdogan told his people "They have dollars, but we have Allah." The man sees his country's economy is being utterly smashed by economic sanctions, his people will start to go hungry because of what Erdogan is doing, and he tells them ". . . we have Allah?" Is he nuts?
This morning, having been briefed on the ongoing collapse of Turkish currency due to US Sanctions, President Trump moved-in for the "kill." He DOUBLED US Tariffs on Turkish Steel and Aluminum:
I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!— Donald J. Trump (@realDonaldTrump) August 10, 2018
The message is simple: Give us our citizen back or we will totally collapse your country.
President Trump is finally using America's economic might to defend Americans. Something prior Administrations didn't have the mental toughness to do.
And by doubling-down on Tariffs as Turkey heads into collapse, Trump is also telling Europe something as well: Don't screw with America. Do what we want or you're next. (Think Iran Sanctions).
The world is finally feeling the actual might of the United States . . . because we finally have a real leader who knows what he's doing, knows how to leverage American might, and is determined to protect AMERICA over other countries. God Bless Donald J. Trump.