Tensions in Syria continue to rise as Turkey started its offensive against the Kurds in the region.
The Kurds somehow feel betrayed by the U.S. as Trump decided to withdraw the American forces from Syria. Now, Trump and his administration have called for a cease-fire in Syria on Monday, as they threatened with sanctions against Turkey.
President Donald Trump issued a request for a delegation in Turkey that is led by Mike Pence, the Vice President confirmed. Pence also said that the U.S. warned the two sides to negotiate peace.
Turkey has been pressured from several sides, as key states from the European Union called for peace and cease-fire. German automobile manufacturer Volkswagen AG said that it will delay the planned project of a billion euro car plant.
‘’President Trump made it very clear that the United States is going to continue to take action against Turkey’s economy until they bring the violence to an end. We want an immediate ceasefire and we want to begin negotiations between Turkey and Syrian defense forces.
According to Bloomberg, 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. The lira added 0,8% against the dollar to 5.8854 as of 9:36 a.m. in Istanbul on relief that sanctions were less onerous than many investors had feared. The currency weakened about 4% this month amid speculation Washington would announce penalties that could hit Turkey’s financial system.
‘’I am fully prepared to swiftly destroy Turkey’s economy if Turkish leaders continue down this dangerous and destructive path,’’ said Trump in a statement.
On the other hand, Nancy Pelosi works with Senator Lindsey Graham on legislation that will put several restrictions on Turkey.