Reference Text
Time Left10:00
The
ongoing
escalation
between
the
US
and
Turkey,
after
an
American
pastor
was
arrested
on
suspicion
of
terrorism,
showcases
a
bumbling
trade
war.
The
US
could
have
persuaded
Ankara
diplomatically,
but
instead,
President
Donald
Trump
doubled
duties
on
Turkish
metals,
and
President
Recep
Tayyip
Erdogan
retaliated
against
US
automobiles
and
cosmetics.
Plot
synopsis:
Maybelline
is
suffering
attacks
over
an
evangelist,
and
world
markets
are
rattled.
The
multilateral
rules-based
trading
system
runs
on
the
assumption
of
maturity,
rather
than
childish
pique.
But
this
is
a
clash
between
two
men
who
cannot
back
off
for
fear
of
looking
weak,
and
it
is
escalating
Turkey's
economic
troubles
into
a
situation
that
could
send
out
ripples
of
turbulence,
financial
and
strategic.
In
the
midst
of
a
currency
and
external
debt
crisis,
the
added
pressure
has
sent
the
lira
into
a
flat
spin.
Inflation
will
rise
if
the
standoff
persists,
and
there
would
be
implications
for
the
prospects
of
Turkey,
and
the
idea
of
the
West.
Though
fears
of
spreading
contagion
were
exaggerated,
the
fall
of
the
lira
did
affect
banks,
international
markets
and
currencies,
including
the
rupee.
Among
other
international
effects,
the
possibility
of
Turkey
joining
the
European
Union
!#
once
considered
a
certainty
!#
seems
more
remote
than
ever
before.
Erdogan
is
preventing
his
central
bank
from
hiking
interest
rates,
and
he
is
unlikely
to
go
to
the
International
Monetary
Fund,
for
that
would
signal
acceptance
of
US
terms.
Nato
is
also
under
strain,
with
the
US
in
a
trade
war
with
a
reliable
member,
which
also
happens
to
be
a
strategically
important
nation
which
has
historically
controlled
the
crossroads
of
the
Old
World.
The
only
way
out
would
be
for
Trump
to
stand
down,
as
he
did
to
engage
with
North
Korea.
But
this
time,
it
seems
an
unlikely
outcome.
The
ongoing
escalation
between
the
US
and
Turkey,
after
an
American
pastor
was
arrested
on
suspicion
of
terrorism,
showcases
a
bumbling
trade
war.
The
US
could
have
persuaded
Ankara
diplomatically,
but
instead,
President
Donald
Trump
doubled
duties
on
Turkish
metals,
and
President
Recep
Tayyip
Erdogan
retaliated
against
US
automobiles
and
cosmetics.
Plot
synopsis:
Maybelline
is
suffering
attacks
over
an
evangelist,
and
world
markets
are
rattled.
The
multilateral
rules-based
trading
system
runs
on
the
assumption
of
maturity,
rather
than
childish
pique.
But
this
is
a
clash
between
two
men
who
cannot
back
off
for
fear
of
looking
weak,
and
it
is
escalating
Turkey's
economic
troubles
into
a
situation
that
could
send
out
ripples
of
turbulence,
financial
and
strategic.
In
the
midst
of
a
currency
and
external
debt
crisis,
the
added
pressure
has
sent
the
lira
into
a
flat
spin.
Inflation
will
rise
if
the
standoff
persists,
and
there
would
be
implications
for
the