President Erdogan says Turkey to boycott United States electronic goods

15 August, 2018, 12:14 | Author: Shannon Aguilar
  • Turkey Lira meltdown over Turkey US relations

Tension between the North Atlantic Treaty Organisation allies has been cranked up over Turkey's detention of a pastor, with the fallout sending the lira tumbling to record lows against the dollar.

Earlier this month, the U.S. Treasury Department sanctioned Turkey's ministers of Justice and Interior in response to the continued detention of the pastor, who has lived in the country for 20 years and heads an evangelical congregation of about two dozen people in the port city of Izmir.

"If [the US] has the iPhone, there's Samsung on the other side", Mr Erdogan said, referring to Apple and its South Korean competitor.

National security adviser John Bolton speaks during the daily press briefing at the White House, Aug. 2, 2018, in Washington.

President Erdogan has also vowed to slap an embargo on American electronic goods.

Erdogan, however, did not announce any government action towards a boycott.

The lira stabilised against the U.S. dollar on Tuesday just above the all-time low posted early Monday, but most analysts believe the crisis is not yet over.

Last Friday, Washington doubled U.S. tariffs on Turkish steel and aluminum, to 50 percent and 20 percent, respectively.

"What is happening in Turkey goes far beyond the United States and the United States' recent policies and impositions of various policies and mechanisms", Nauert said.

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As Turkey's currency started dropping, President Donald Trump announced that the USA would be doubling its tariffs on imports of Turkish steel and aluminum. "Our relations with Turkey are not good at this time!" he wrote. Trump added last Friday.

The pretext for the punishing attack on Washington's erstwhile North Atlantic Treaty Organisation ally-Turkey has the most troops of any member of the military alliance outside of the USA itself-is the continued detention of the evangelical American preacher Andrew Brunson, who was arrested in 2016 on charges of complicity with the organizers of an abortive military coup in July of that year that sought the overthrow of President Recep Tayyip Erdogan.

The senior State Department official told ABC News that the two countries continue to work on a broad range of issues. On July 25, Brunson was placed under house arrest after nearly two years in a Turkish jail.

The pastor was released for house arrest on July 25.

On Monday, Erdogan said that spreading false news about the economy was treason and recent USA actions were a stab in the back against Ankara.

He and his lawyers have denied those allegations, and the USA has said the charges aren't credible.

His next hearing as part of the trial is scheduled for October 12. "We are going to boycott United States electronics", Erdogan said at celebrations of the 17th anniversary of his Justice and Development Party.

"Trump confused a process for an agreement", the source said. Erdoğan has accused the United States of stabbing Turkey in the back, the government has announced a crackdown on those on social media spreading fake news about the crisis and the central bank has eased financing requirements for Turkish banks.

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