Erdogan says Turkey will boycott U.S. electronics, lira steadies
President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that has helped drive the lira to record lows. The lira has lost more than 40 percent this year and crashed to an all-time low of 7.24 to the dollar on Monday, hit by worries over Erdogan's calls for lower borrowing costs and by worsening ties with the United States, a major NATO ally. The lira's weakness has rippled through global markets. Its drop of as much as 18 percent on Friday hit ...
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