Erdogan says crash of lira 'political plot' against Turkey

Erdogan says crash of lira 'political plot' against Turkey

Erdogan says crash of lira 'political plot' against Turkey

Frustrated with his continuing detention, Washington sanctioned two Turkish ministers and then doubled tariffs on Turkish steel and aluminum imports.

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

Erdogan also hit back at U.S. authorities for convicting Mehmet Hakan Atilla, 47, deputy director general of Turkish lender Halkbank on charges of helping Iran evade USA sanctions on billions of dollars of oil proceeds.

President Donald Trump said on Friday he'd authorised higher tariffs on imports from Turkey.

"The United States should know that the only result such sanctinos and pressure will bring... will be harming our relationship as allies", the Turkish foreign ministry said in a statement.

Erdogan appeared unworried by the punitive measures imposed by the United States, saying Turkey could turn to other partners and again terming the crisis an "economic war". "The entire Turkish public is against USA policies that disregard Turkey's legitimate security demands", Kalin, also a spokesperson for Erdogan, wrote for the pro-government Daily Sabah newspaper. He denies the charges.

Turkish officials held talks in Washington this week but there was no breakthrough.

He said Turkey's response was not going to be based on "reciprocity", adding: "Those who commit a crime will pay a price".

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It came as a Turkish delegation returned from the United States, reporting no progress on negotiations involving a USA pastor imprisoned in Turkey.

"I'm not aware of any prior administration using tariffs in this way, and there's a very simple reason: because they're an incredibly blunt instrument that often can have blowback on American workers and consumers as we've seen in the China context", said Ned Price, a former Central Intelligence Agency officer who also served as a National Security Council spokesman during the Obama administration.

"These are the bullets, cannonballs and missiles of an economic war waged against our country", he said.

In an opinion piece in the New York Times Friday, Erdogan wrote "failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies".

"We will continue increasing our exports", he said.

"They have been trying to achieve what they failed to do through provocations and a coup attempt with money now", he said.

Brunson, an evangelical Presbyterian from North Carolina, was jailed for allegedly supporting the group that Turkey blames for the failed coup and was moved from prison to house arrest in July. "The U.S. has to rehabilitate its addiction to sanctions & bullying or entire world will unite - beyond verbal condemnations - to force it to". I am addressing the USA once again: it is a pity that you chose a pastor over your strategic partner in North Atlantic Treaty Organisation.

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