Erdogan vows Turkey will not be cowed by US

Erdogan vows Turkey will not be cowed by US

Erdogan vows Turkey will not be cowed by US

Turkey's battered lira weakened more than 6 per cent against the U.S. dollar yesterday, after a United States warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical pastor Andrew Brunson.

Turkey says Brunson has ties to political groups responsible for the 2016 attempted coup of President Recep Tayyip Erdogan.

President Donald Trump criticized Turkey on Friday, saying the North Atlantic Treaty Organisation ally is not a friend to the USA and had made up espionage charges against an American pastor detained in the country.

"Turkey did not and will not surrender to those which try to make Turkey as a strategic target", he said in reference to the US without naming the country. He also said on Friday that he had ordered to double U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. "Tax rates on imports of some products have been increased on a reciprocal basis against the USA administration's deliberate attacks on our economy", the country's vice president, Fuat Oktay, said in a pair of tweets.

A higher court in Izmir upheld a lower-court decision that rejected the lifting of Brunson's house arrest, according to the state-run Anadolu agency and the newspaper HaberTurk.

Erdogan told thousands of supporters in Ankara that Turkey is "threatened by the economy, sanctions, foreign currency, interest rates and inflation", The Associated Press reported.

Also Friday, Turkey's trade minister said her government would respond in kind to any new trade duties from the United States after U.S. Secretary of the Treasury Steven Mnuchin said the U.S. could put more sanctions on Turkey if the pastor is not released soon.

The United States has already imposed sanctions on two Turkish government ministers and doubled tariffs on Turkish steel and aluminum imports. "Would the amount of Turkey's debts decrease?"

It estimates Turkey's short-term external debt at $180 billion and total external debt at $460 billion - the highest in emerging markets. At the congress, President Erdogan was re-elected as head of the party.

Pastor Andrew Brunson was swept up in the aftermath of a failed coup attempt in 2016.

The fight between Turkey and the USA has escalated in recent weeks, with Brunson's detainment as a flashpoint.

Mr Trump later said in a tweet that the United States "will pay nothing" for Brunson's release, "but we are cutting back on Turkey!"

Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges.

Erdogan has remained defiant, urging Turks to sell their gold and dollars for lira. They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage.

Related news

[an error occurred while processing the directive]