With no other resort left, Trump is threatening Turkey’s power financial penalties, if Ankara does not back down from a full-fledged military offensive in Northern Syria.
As a precursor, Washington has already raised steel tariffs. American troops started retreating from their various observatory posts, on Trump’s instructions, ending four-year buffer support they had provided for the Kurdish forces, standing against the Assad regime on one side, and Russian forces on the other.
Fearing a more complicated showdown, Pompeo, shared that Trump administration had decided to take off its support from Northern Syria, removing US diplomats overnight and movement of some 35 different combat operatives out of the conflicting land.
Using what Iran has accused America of time and again, the tactic of ‘economic terrorism’, Trump has further sent off a warning signal to Turkey of using the most potent financial weapon, if the need arises.
The US administration may resort to banning Turkish banks from accessing the U.S. markets and the world’s most important currency.
Political analysts have reasons to believe that this risks much deeper economic damage to Turkey. Mr. Trump has also expressed the fact that the U.S. will halt negotiations on a potential $100 billion trade deal as well.
The lawmakers on Capitol Hill are in tandem to the sanctions and are of the opinion that ‘they are preparing legislation that could require the White House to impose tougher sanctions, fearing Mr. Trump may not follow through with his threats.’
Turkey had been asking the withdrawal of Kurdish forces, which it considers as a terrorist organization, while it was interested in developing a 30km safe zone to re-home more than 3 million Syrian refugees it has been taking care of. At the heart of this humanitarian call, is Ankara’s desire to take charge of a stretch of land that is said to be rich in oil and gas reserves, something that the US is aware of. Without using military action and power, Washington would rather like to come on a common ground of dialogue.
This thought was communicated by Secretary of State Mike Pompeo recently when he said that “Turkey must immediately cease its unilateral offensive in northeast Syria and return to a dialogue with the United States on security” in the region to avoid suffering further sanctions.” So while, Trump has retreated, for the time being, Washington has no intention of letting go off control over the controversial safe zone in Syria.
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