Turkey’s President Recep Tayyip Erdogan says the court, not politicians, will decide the fate of detained American pastor Andrew Brunson who faces terrorism charges.
The EU leadership is willing to forge new alliances to overcome Trump's harsh trade policies and secure its borders without Washington's support.
Turkey's Treasury and Finance Minister Berat Albayrak does not see a long-term risk to the economy or financial system despite current pressure on markets and the lira. Albayak's assessment was reported by the Hurriyet on Wednesday.
Turkey's presidential spokesman, Ibrahim Kalin also called on the US to respect Turkey's judicial independence, one of Ankara's most pointed responses yet over its detention of pastor Andrew Brunson, who is facing terror-related charges in Turkey.
Turkey has lodged a complaint with the WTO following the US decision to impose tariffs of 20 and 50 percent respectively steel and aluminium imports from Turkey.
“Some are threatening us with economy, sanctions, exchange rates, interests and inflation. We see your game and we challenge it," referring to US, Erdogan said at the Justice and Development (AK) Party's congress in the capital Ankara.
Both Moody's and S&P downgraded Turkey, highlighting a weakening lira and high debt levels.
Turkish President Erdogan is increasingly finding support from various countries for his challenge of the dollar’s global authority.
A higher Turkish court has rejected an appeal for the release from detention of the American pastor Andrew Brunson, who is facing terrorism-related charges and is currently under house arrest in the Aegean province of Izmir.
Mevlut Cavusoglu’s remarks came after US President Donald Trump said Turkey "has not proven to be a good friend" during a Cabinet meeting Thursday.
The lira lost approximately 40 percent of its value against the dollar this year, but has bounced back strongly since the beginning of the week, with gains of around nine percent.
Turkey's Vice President Fuat Oktay has said Turkey has increased customs duties on some US products including alcohol, cigarettes and cars in retaliation to Washington's tariffs on Turkish aluminium and iron.
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