President Trump threatened on Monday to “obliterate” Turkey’s economy if the country goes “off limits”. This comes after he tweeted his decision to withdraw US troops from northern Syria, effectively giving Turkey the green light to attack the Kurdish fighters that the Erdogan regime views as terrorists. Imposing sanctions would likely push Turkey yet closer to Russia and China, its first and third largest sources of imports ahead of the US, which comes in fifth.
Turkey’s second and third largest imports from the US are currently iron and steel ($13.1bn) and machinery and components ($9.1bn), both of which could be replaced by Russia and China, respectively. At present Turkey’s largest source of machinery and components is Germany, which may also become an unintended benefactor if Trump’s bite turns out to be as bad as his bark.