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Erdogan Refrains from Harsh Response to Biden Row Over ‘Genocide’ Label

  • U.S. leader set tone for his dealings with Turkish president
  • Erdogan is wary roiling markets, fragile finances with spat
Recep Tayyip Erdogan

Recep Tayyip Erdogan

Photographer: Erica Canepa/Bloomberg
Updated on

President Recep Tayyip Erdogan is refraining from further escalating his latest spat with NATO ally U.S., a sign the Turkish leader is wary of derailing his nation’s fragile finances.

Speaking for the first time since Joe Biden’s landmark description of the Ottoman-era mass killing of Armenians as genocide, Erdogan on Monday accused the U.S. president of sacrificing ties between the two North Atlantic Treaty Organization allies to domestic political pressures.