Greg Ip: "On Turkey, Another Step in the Weaponization of Global Finance"
Greg Ip's latest for the Wall Street Journal explores how U.S. tariffs intensify pressure on the Turkish lira, raising prospect of an open-ended cycle of protectionism and devaluation.
❝ Trade wars may be morphing into something more dangerous: financial wars.
With Turkey facing a currency crisis, President Trump last week poured fuel on the fire by doubling tariffs on imports of its steel and aluminum to offset the effects of its weaker currency or force the country to release an American pastor. (Mr. Trump’s motive remains unclear.) [WSJ.com]
| GREG IP is the Chief Economics Commentator for the Wall Street Journal. Watch him talk about understanding the economy through trends and policy below, and learn more about booking Greg for your next event today. |
