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Investing.com - President Donald Trump warned in a tweet Monday about severe economic consequences for Turkey if the country does anything “off limits” following the White House’s announcement of U.S. troop withdrawal from Syria.
“As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!),” Trump tweeted.
The iShares MSCI Turkey ETF (NASDAQ:TUR) was down about 3% following the tweet.
Critics of the White Houe decision have said that withdrawal of troops would open the door for a Turkish operation against Kurds in Syria.