Erdogan says US set deadline for pastor's release

12 August, 2018, 22:25 | Author: Wade Massey
  • Turkish lira update market drop

The lira, Trump noted on Twitter, "slides rapidly downward against our very strong Dollar!"

"We will not surrender", Erdogan asserted.

Iranian Foreign Ministry spokesman Bahram Qassemi on Saturday criticized U.S. President Donald Trump's decision to impose additional tariffs on Turkey.

Turkey's trade ministry said the tariffs were against World Trade Organisation rules. Our relations with Turkey are not good at this time!' "The entire Turkish public is against United States policies that disregard Turkey's legitimate security demands", Kalin, also a spokesperson for Erdogan, wrote for the pro-government Daily Sabah newspaper.

Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for refusing to release American pastor Andrew Brunson, who had been in custody since 2016 on charges of terrorism and espionage that Washington says are bogus. He has denied the charges.

The president, who says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to bring down Turkey's economy, appealed to his countrymen's patriotism.

"We know very well that the issue is not the dollar, the euro or gold".

As the currency continued to fall, United States President Donald Trump announced on Friday he had doubled steel and aluminum tariffs on his North Atlantic Treaty Organisation ally before admitting that relations between Washington and Ankara were "not very good". "Relations with countries who behave like this have reached a point beyond salvaging", said Erdogan, who warned of "economic war".

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Brunson has been detained for the past 20 months on accusations that he supported groups the Turkish government deems terrorists.

"All the steps taken against Turkey will be given a befitting response as they have been given before", Aksoy added.

"If they have the dollar, we have Allah", he said.

"The last time I can remember a currency exploding into a similar acceleration of weakness to what we have seen in the past 24 hours is the Russian ruble crisis that transpired late in 2014", Jameel Ahmad, the head of currency strategy at FXTM, said.

Turkey wants the USA to extradite cleric Fethullah Gulen, a Pennsylvania-based cleric who Turkish authorities say masterminded the coup attempt in which 250 people were killed.

His cause resonates with Mr Trump's Christian conservative supporters.

Turkey will "never accept the order, which declares war against the whole world", through the threats of sanctions, he said, referring to the U.S.

Jay Sekulow, an attorney for Trump who is also representing Brunson's family, told talk-show host and political commentator Sean Hannity's radio program on Friday: "We're close to getting a resolution in that case".

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