Ready to 'swiftly destroy' Turkey's economy: Trump

Washington DC: The US is ready to "swiftly destroy" Turkey's economy in response to Ankara's military offensive in northern Syria, President Donald Trump has said, as he imposed sanctions on Turkish ministries and senior officials, proposed to raise steel tariffs and end negotiations on a USD 100 billion trade deal.

Trump also phoned his Turkish counterpart Recep Tayyip Erdogan to demand an immediate truce, US Vice-President Mike Pence said on Monday.

"President Trump communicated to him very clearly that the United States of America wants Turkey to stop the invasion, implement an immediate cease-fire and to begin to negotiate with Kurdish forces in Syria to bring an end to the violence," Pence said.

The Turkish offensive, which began last week, aims to push the Kurdish-led Syrian Democratic Forces (SDF) from the border region. Turkey considers the biggest militia in the SDF a terrorist organisation.

The Turkish government wants to create a "safe zone" in the area, where it can resettle up to two million Syrian refugees currently in Turkey.

"This (executive) order will enable the US to impose powerful additional sanctions on those who may be involved in serious human rights abuses....," President Trump said in a statement.

Turkey's military offensive is endangering civilians and threatening peace, security and stability in the region, he said, adding that he has been perfectly clear with his Turkish counterpart that his action is precipitating a humanitarian crisis and setting conditions for possible war crimes.

"I'm fully prepared to swiftly destroy Turkey's economy if Turkish leaders continue down this dangerous and destructive path," Trump said.

Republican lawmakers in particular have denounced Trump's decision as a betrayal of the Kurds and a strategic blunder that will weaken American credibility, reverse gains against ISIS, make it harder for the US to build alliances and give a boost to Russia and Iran.

Dozens of civilians have been killed in the operation so far and at least 160,000 have fled the area, according to the United Nations.

Trump said he will be issuing the executive order authorising imposition of sanctions against current and former officials of Turkey and those contributing to destabilising Syria.

The order will authorise a broad range of measures, including financial sanctions, the blocking of property, and barring entry into the US, he said, adding that the US will immediately stop negotiations with Turkey on a USD 100 billion trade deal.

Steel tariffs will be increased back up to 50 per cent, the level prior to the reduction in May, Trump said.

He asserted that his administration will aggressively use economic sanctions to target those who enable, facilitate, and finance heinous acts in Syria.

"Turkey must ensure the safety of civilians, including religious and ethnic minorities, and is now, or may be in the future, responsible for the ongoing detention of ISIS terrorists in the region.

"Unfortunately, Turkey does not appear to be mitigating the humanitarian effects of its invasion," he said.

On pulling back of US troops, Trump said only a small contingent will remain at the Tanf Garrison in southern Syria to disrupt remnants of the ISIS.

During the 2016 presidential campaign, Trump had promised to bring back US troops from war-torn Syria and Afghanistan.

The troop withdrawal announcement came after the White House said it would step aside to allow for a Turkish operation President Erdogan has warned could come at any moment.

"The US and our partners have liberated 100 per cent of ISIS's ruthless territorial caliphate. Turkey must not

put these gains in jeopardy," Trump said.