Turkish president says the country will boycott USA electronics
Turkish president says the country will boycott USA electronics
Turkish President Tayyip Erdogan attends a news conference in Ankara Turkey
15 August, 2018, 23:01
Ankara has responded by threatening to boycott U.S. gadgets including AppleiPhones and sharply increasing duties on a number of American goods like tobacco, alcohol, cars, cosmetics, etc.
Turkey on Wednesday rejected the U.S.' appeal for an American pastor's release from detention, Turkish media reported. "We have other partners and alternative markets".
"The U.S. administration must respect the judiciary process in Turkey, they need to stop trying to influence Turkish judiciary by making statements and putting pressure", stated Kalin.
In response to the move, the Turkish president called on citizens to support the lira and boycott USA electronic products, describing the sanctions as an economic war, and threatening to give up using the United States dollar in trade with other countries. He suggested Turks would buy local or Korean phones instead, though it was unclear how the boycott would be enforced or encouraged.
The Turkish currency has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
Kalin also told a news conference on Wednesday that Turkey will take a positive stance towards trading in national currencies to escape from United States dollar pressure.
Also helping was Turkey's decision to release two Greek soldiers from prison on Tuesday, increasing prospects for improved relations with the European Union.
But fundamental concerns about the economy persist, experts say.
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Moves by the central bank to ensure Turkish banks have liquidity and a planned conference call by Turkish Finance Minister Berat Albayrak, who is Erdogan´s son-in-law on Thursday have gone some way to giving reassurance to investors.
President Erdogan said on Tuesday that Turkey was taking measures to stabilise its economy and should not "give in to the enemy" by investing in foreign currencies.
U.S. Charge d'Affaires Jeffrey Hovenier talks to members of the media after visiting United States pastor Andrew Brunson, who is being held under house arrest in Izmir, Turkey, Aug. 14, 2018.
While still nominally allies, the USA and Turkey's relationship is continuing to fall apart amid new economic penalties in the continued fight over an American pastor detained in Turkey.
President Donald Trump had previously announced that the U.S. was doubling steel and aluminium tariffs on Turkey, as the two North Atlantic Treaty Organisation allies row over the detention by Turkish authorities of American pastor AndrewBrunson.
One Turkish court has rejected an American Christian pastor's appeal to be released from house arrest and for his travel ban to be lifted, but an upper court is yet to rule on the appeal, his lawyer told Reuters on Wednesday.
The pastor has been held in Turkey since October 2016 on charges of aiding terrorists in a failed coup in July of that year.
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White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong". The president issued a rallying cry for unity to resist what he has described as an economic war waged by the US.
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