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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

By

Selcan Hacaoglu and

April 26, 2021, 2:11 PM UTCUpdated onApril 26, 2021, 5:57 PM UTC

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.