FRANKFURT, Germany — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse.
President Donald Trump could take far tougher action that would deter foreign investment and credit that Turkey badly needs. But doing so could backfire in a number of ways, and it’s not clear he really wants to.
Trump has said he could “destroy and obliterate” the economy of Turkey and called on the country to rein in its Syria offensive.