SCIUTTO: Turkey's President Erdogan calling for a boycott of American electronics. This, in an effort to push back against President Trump's decision to hike tariffs on Turkish steel and aluminum imports to the U.S. Those tariffs contributing to economic turmoil in Turkey, which some fear it could lead to a global financial crisis. CNN Money editor-at-large, Richard Quest, joins me now. So, Richard, how big of a risk is this for the global economy right now, especially when coupled with the many other trade disputes under way with China, the E.U., et cetera?</s>RICHARD QUEST, CNN MONEY EDITOR-AT-LARGE: It adds another element of unease and uncertainty, at the very moment when we don't need it. How these two leaders, Donald Trump and Recep Erdogan, get out of this, it's not easy to see. They're both very strong populist leaders. Erdogan has recently been re-elected. He has a new constitution. He's enormously powerful within his country and within this power structure. So how do you get out of it? Indeed, neither man wants to be seen as weaker than the other. Erdogan is courting the Russians and others. At the same time, Donald Trump knows he can't just abandon Turkey. It's a member of NATO. Anyway, Jim, the sudden raising of the tariffs last week arguably over the detained pastor was capricious. It was just out of the blue. It came from nowhere. It hasn't been prepared. So we're left in this situation where, frankly, at a time when Turkey's economy is going downhill fast, this is extremely serious.</s>SCIUTTO: No question. It's a risk. Richard Quest, thanks very much for walking us through it.</s>QUEST: Thank you.</s>SCIUTTO: Coming up next, the first White House briefing since Omarosa released her secret audio tapes, also since the president called her a dog, also the first since the firing of the former FBI Agent Peter Strzok. We will take you to that press conference live. Stay with us.
Turkey Calls for Boycott of U.S. Electronics over Trump Tariffs.