Courtesy of ZeroHedge View original post here.
\Appearing to back away from his threats to ‘obliterate’ Turkey’s economy, President Trump tweeted on Tuesday that Turkey has been “good to deal with” and that President Recep Tayyip Erdogan will travel to Washington “as my guest” on Nov. 13.
So many people conveniently forget that Turkey is a big trading partner of the United States, in fact they make the structural steel frame for our F-35 Fighter Jet. They have also been good to deal with, helping me to save many lives at Idlib Province, and returning, in very…..
— Donald J. Trump (@realDonaldTrump) October 8, 2019
…..good health, at my request, Pastor Brunson, who had many years of a long prison term remaining. Also remember, and importantly, that Turkey is an important member in good standing of NATO. He is coming to the U.S. as my guest on November 13th. #ENDENDLESSWARS
— Donald J. Trump (@realDonaldTrump) October 8, 2019
Trump’s sudden shift to using more congenial language triggered a rebound in Turkish assets, and the Turkish lira, which climbed to session highs.
Source: Bloomberg
A few minutes later, Trump offered what could be construed as a revision of his “threat” from yesterday. In another series of tweets, Trump said that although we “may be in the process of leaving Syria” we have “in no way Abandoned the Kurds, who are special people and wonderful fighters.”
According to Trump, Turkey understands that “any unforced or unnecessary fighting by Turkey will be devastating to their economy and to their very fragile currency.” And thus, Erdogan can be trusted not to massacre the Kurds who had been the US’s chief allies on the ground.
We may be in the process of leaving Syria, but in no way have we Abandoned the Kurds, who are special people and wonderful fighters. Likewise our relationship with Turkey, a NATO and Trading partner, has been very good. Turkey already has a large Kurdish population and fully….
— Donald J. Trump (@realDonaldTrump) October 8, 2019
….understands that while we only had 50 soldiers remaining in that section of Syria, and they have been removed, any unforced or unnecessary fighting by Turkey will be devastating to their economy and to their very fragile currency. We are helping the Kurds financially/weapons!
— Donald J. Trump (@realDonaldTrump) October 8, 2019
The return to coarse threats sent the Turkish lira moving lower, erasing some of its recent rally.