Tag: Yahoo Finance

Erdogan Drags NATO Bases Into Row Over Russian Missile Deal

(Bloomberg) -- President Recep Tayyip Erdogan threatened to close two critical NATO installations if the U.S. imposes sanctions over Turkey’s purchase of a Russian missile system, escalating a row that’s roiling the military alliance.The lira dropped the most in almost two months, the biggest decline among emerging-market currencies, as Erdogan’s high-stakes warning of possible retaliation sparked market concern.“If it is necessary to shut it down, we would shut down Incirlik,” he told AHaber television on Sunday. “If it is necessary to shut it down, we would shut down Kurecik, too.”Erdogan’s threat is the clearest sign yet that Turkey’s standoff with the U.S. risks spreading. An early-warning radar at Kurecik is a critical part of NATO’s ballistic-missile defense capabilities. Incirlik Air Base, close to Syria, is used by the Pentagon to store tactical nuclear weapons and conduct strikes against Islamic State.Decades earlier, it was the main operating location for the American U-2...

Kudlow: U.S.-China deal 'absolutely' done, U.S. exports to China will double

The so-called Phase One trade deal between Washington and Beijing has been "absolutely completed," a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. "They're ... going to double our exports to China," National Economic Council Director Larry Kudlow told Fox News Channel. Under the trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese purchases of agricultural, manufactured and energy products increasing by about $200 billion over the next two years....