Erdogan says Turkey will boycott U.S. electronic goods

On Tuesday, he said Turkey would boycott USA electronic products. "If they have iPhone, the other side has Samsung".

The Turkish leader expressed that they were going to produce enough for themselves.

Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, August 2018.

Asked how U.S. President Donald Trump's administration would react to any such Turkish boycott, White House Press Secretary Sarah Huckabee Sanders replied during Tuesday afternoon's briefing, "I certainly don't have a policy announcement on that at this point".

Ankara has repeatedly said the case is up to the courts and a Turkish judge moved Brunson from jail to house arrest in July.

That is an unsubtle plea for the courts to end the U.S. -Turkey standoff by taking the Brunson decision out of Erdogan's hands.

WASHINGTON (Reuters) - The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor, a White House official said on Tuesday, in a dispute that has further strained relations between the North Atlantic Treaty Organisation allies.

That was a rare Trump understatement, as the two countries face sharp differences on the case of Brunson and other detained Americans, Erdogan's consolidation of power, US support for Kurds in Syria, growing Turkish relations with Russia, Turkey's evasion of USA sanctions and more. Andrew Brunson is being held on terrorism charges which he denies.

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Turkey doesn't want an economic warfare with anyone.

The Turkish lira has lost more than 40 percent of its value.

Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency.

Government bonds rallied and the lira surged from local retail accounts sold dollars to take profit after the currency slid nearly 30 percent against the greenback over the past month.

Tariffs have been imposed on 22 types of produce and goods imported from the United States, amounting to $533 million USA of extra duties, according to a report in the state-run Anadolu Agency, quoting Rushar Pekcan, the country's trade minister. But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis.

The development on Wednesday comes amid escalating tensions between Turkey and the United States, its North Atlantic Treaty Organisation ally.

FILE - Russian S-400 air defense missile systems are on display during a rehearsal for the Victory Day military parade in Red Square in Moscow, Russia, May 7, 2017. The Turkish leader had already said the USA risks pushing a key North Atlantic Treaty Organisation member to seek allies elsewhere.

The lira rebounded some 8 per cent on Tuesday, helped by news of a planned conference call on Thursday in which the finance minister will seek to reassure global investors.

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