Turkish firms cancel iPhone orders amid United States products boycott

Turkish firms cancel iPhone orders amid United States products boycott

Treasury Secretary Steve Mnuchin said during a cabinet meeting Thursday that the U.S.is prepared to levy more economic sanctions against Turkey if Brunson is not released.

The 3rd Penal Court in the western province of İzmir rejected the appeal on August 17, ruling for the continuation of Brunson's house arrest, as well as a travel ban imposed on him.

Ankara, for its part, wants Washington to extradite Fethullah Gulen, a Muslim cleric based in Pennsylvania who Turkish authorities say orchestrated the 2016 coup attempt in which 250 people lost their lives. "He's not a spy".

"We got somebody out for him", Trump said, referring to Turkish President Recep Tayyip Erdogan.

Turkey's biggest mobile phone importing companies have cancelled their iPhone orders as Turkish citizens join a move to boycott United States products.

Qatar defied US President Donald Trump on Wednesday and promised to plough $15 billion into Turkish financial markets and banks. Investors also fret over Erdogan's influence over monetary policy.

I have just authorised a doubling of Tariffs on Steel and Aluminium with respect to Turkey as their currency, the Turkish Lira, slides rapidly downwards against our very strong Dollar!

The currency was supported by Turkey's plan to cut spending, support for the banks and Qatar's pledge to invest $15bn in the country.

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Turkey has sought to persuade the United States to spare Turkey's state-owned Halkbank from a threatened fine for allegedly helping Iran evade USA sanctions.

He later tweeted: "Turkey has taken advantage of the United States for many years".

Turkey owes $467 billion to investors and it will be hard for the country to pay that debt, Napier said.

The lira's collapse has plunged the entirety of the emerging market space into chaos, with contagion causing the likes of the South African rand, the Argentine peso, and the Indonesian rupiah, to slump in response.

The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a worsening commercial and political standoff with North Atlantic Treaty Organisation ally the United States.

Trump, who has doubled steel and aluminum tariffs on Turkey, said the steel tariffs had kicked in and the aluminum tariffs would take effect soon.

Press secretary Sarah Huckabee Sanders also criticized Turkey's move to impose tariffs on some USA goods as "regrettable and a step in the wrong direction". He faces 35 years in prison on espionage and terror-related charges.

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