trending Market Intelligence /marketintelligence/en/news-insights/trending/CdA5mDO07gqv_Bxr-OfZYA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Trump lifts sanctions against Turkey due to 'permanent' Syria ceasefire

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Trump lifts sanctions against Turkey due to 'permanent' Syria ceasefire

President Donald Trump said Oct. 23 that the U.S. will lift all sanctions it imposed against Turkey, which has vowed to stop its military offensive in northeastern Syria and achieve a "permanent" ceasefire.

Trump ordered Treasury Secretary Steven Mnuchin to withdraw the sanctions put in place Oct. 14 targeting Turkey's defense and energy ministries as well as their chiefs and the country's interior minister. Other economic actions made against Turkey that day include an increase in tariffs on Turkish steel imports from 25% to 50%, as well as the suspension of a bilateral trade deal worth $100 billion.

"The sanctions will be lifted unless something happens that we're not happy with," Trump said in a speech at the White House, adding that countries in the region "must ultimately take on the responsibility" of helping Turkey and Syria secure their border.

The Turkish lira climbed more than 1.30% following Trump's announcement.

Trump warned that the U.S. could reimpose "crippling" sanctions such as tariffs on Turkish steel and other exports if Turkey fails to uphold the ceasefire.

Turkey had earlier agreed on Oct. 17 to a five-day pause in its military offensive against Kurdish armed groups in northeastern Syria. That ceasefire was negotiated by a U.S. delegation led by Vice President Mike Pence.

Several EU member states and the U.K. had stopped arms exports to Turkey in response to its military action in Syria.