Erdogan says Turkey to boycott iPhone, other US electronics

Turkey's president threatens boycott of iPhones, other US electronics

Turkish President Tayyip Erdogan has said in recent public speeches that Turkey and its economic allies do not need to use the dollar to conduct bilateral trade.

Brunson, who has lived in Turkey for over two decades, is accused of aiding the network of US-based cleric Fethullah Gulen, blamed by Erdogan for masterminding a failed coup in 2016.

"If they have the iPhone on the other hand there is Samsung".

Turkey sought to face down the USA and currency traders as its president, Recep Tayyip Erdoğan, reportedly received support from the German chancellor, Angela Merkel.

Erdogan blamed the crash of the lira on America, claiming a "political, underhand plot" had sent the value of his country's currency falling to record lows.

The lira was at 6.49 to the dollar, a gain of 4.5 percent on the day and 7.50 to the euro, well off the record lows of 7.24 to the dollar and 8.12 to the euro seen Monday.

Russia's Foreign Minister Sergei Lavrov, who is visiting Ankara, branded the United States sanctions an illegitimate policy at a news conference on Tuesday.

In the case of the American pastor, the lawyer representing Andrew Brunson again asked a Turkish court to release him from house arrest.

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".

Optimism about better relations with the European Union after a Turkish court released two Greek soldiers pending trial and a banking watchdog's step to limit foreign exchange swap transactions have also helped the lira.

A US dollar banknote is seen on top of Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018.

"Together with our people, we will stand decisively against the dollar, forex prices, inflation and interest rates".

Erdogan again urged Turks to convert their US dollars into the Turkish currency - the lira - to give it a boost as it continues to drop in value.

"If we postpone our investments, if we convert our currency to foreign exchange because there's danger, then we will have given in to the enemy", he said.

Turkey and Qatar have traditionally maintained good ties and Ankara stood by Doha after Saudi Arabia and other Arab states severed diplomatic, trade and travel ties with Qatar a year ago, accusing it of financing terrorism, a charge Doha denies.

Cavusoglu said that U.S. sanctions were being used to attack countries across the world and exert pressure on them, causing alarm in Europe.

Relations between the two North Atlantic Treaty Organisation allies have spiraled into a full-blown crisis over the trial of Christian pastor Andrew Brunson, who was held for 21 months in a Turkish prison until his transfer to house arrest last month - a move Washington dismissed as insufficient.

Turkey's central bank has promised to provide banks with liquidity.

Andrew Craig Brunson is escorted by Turkish plain clothes police officers, July 25, 2018, in Izmir, Turkey.

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