(Bloomberg) -- The Trump administration called for “an immediate cease-fire” in Syria on Monday as it announced sanctions in response to the military offensive launched by Turkey last week.Vice President Mike Pence said he would lead a delegation to Turkey at President Donald Trump’s request in an effort
-- The Trump administration called for “an immediate cease-fire” in Syria on Monday as it announced sanctions in response to the military offensive launched by Turkey last week.
The penalties imposed by the administration late Monday fell short of what was demanded by U.S. lawmakers of both parties, highlighting the restraint the president has shown to his Turkish counterpart, Recep Tayyip Erdogan. Story continuesThe penalties would raise steel tariffs on Turkey to 50%, the level they were at before a reduction in May, Trump said in a statement. The U.S. would also halt negotiations over a pact aimed at raising bilateral trade to an annual $100 billion. The administration also sanctioned the Turkish ministers of defense, energy and the interior, U.S. Treasury Secretary Steven Mnuchin said.
“I am fully prepared to swiftly destroy Turkey’s economy if Turkish leaders continue down this dangerous and destructive path,” Trump said in the statement. “The decision on building a new plant was postponed by the board of management,” VW said Tuesday. “We’re closely monitoring the situation and are concerned about the current developments.”
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