The U.S. State Department has withdrawn export approvals for sales to Turkey’s state arms buyer SSB after the latter’s purchase of Russia’s S-400 missile system. That continues trade-policy based pressure applied by the Trump administration against Turkey. The continuance or otherwise of those sanctions will be an early test for President-elect Biden. Turkey only represented 3.0% of U.S. arms exports in the 12 months to Oct. 31. While there had been a 58.5% surge compared to a year earlier in supplies to Turkey they were still 20.0% lower than in 2016. Turkey might respond with economic ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.