Turkey's Erdogan pledges US electronics boycott, gets closer with Russia

Turkey’s President Tayyip Erdogan accompanied by his wife Emine Erdogan

Turkey’s President Tayyip Erdogan accompanied by his wife Emine Erdogan

Tariffs on other goods like cosmetics, rice and coal were also doubled. Last Friday, US President Donald Trump said he had authorised higher tariffs on aluminium and steel imports from Turkey.

On Wednesday, Turkey rejected pastor Andrew Craig Brunson's appeal to be released from custody, and slapped additional tariffs on us imports.

Turkey refused to release an American pastor who has been in detention in Turkey for almost two years now.

The Turkish lira has dropped to record lows in recent weeks, having fallen some 42 percent so far this year.

Following the Qatar news, the lira firmed briefly to 5.8699 from 6.04 to the dollar, before easing back to 6.0500 by 1658 GMT. The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar.

The duties were raised in response to the United States administration's "deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter.

us sanctions against Turkey recently sent the country's currency, the lira, into free fall.

United States newspapers to Trump: We're not enemies of the people
The Morning News of Savannah, Georgia, said it was a confidant, not an enemy, to the people. The New York Times added a pitch.

The United States was the fourth largest source of imports to Turkey a year ago, accounting for US$12 billion of imports, according to International Monetary Fund statistics. Turkey's exports to the US a year ago amounted to $8.7 billion, making it Turkey's fifth-largest export market. Sanders lamented that Turkey had treated Brunson, "who we know to be a very good person and a strong Christian who has done nothing wrong, very unfairly, very badly". A court has since denied his appeal for release.

Turkey's President has slammed the crash of the lira as a "political plot" amid a row with the United States and Donald Trump.

The Gulf state made the investment as Turkey grapples with a collapse in the lira and tensions with North Atlantic Treaty Organisation ally the United States.

Turkish officials say they're on board for the idea, with President Erdogan saying Turkey is already prepared to conduct all trade with China, Russia, and Ukraine through their respective currencies.

In a joint statement issued on Tuesday, the industrialists' group TUSIAD and the Union of Chambers and Commodity Exchanges called on the government to allow the central bank to raise interest rates to help overcome the currency crisis. It did not say when the tariffs would take effect.

"Rates have gone up by 10 per cent".

Sergey Lavrov, speaking after talks Tuesday with his Turkish counterpart, Mevlut Cavusoglu, said the wide use of sanctions reflect Washington's desire to win domination and secure unilateral advantages for its businesses.

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