Turkey doubles tariffs on some USA imports over economy 'attacks'

Ann Santiago
August 17, 2018

"We have to serve better quality goods than we are importing from [the U.S.]", Erdogan continued.

"I am specifically addressing our manufacturers: Do not rush to the banks to buy dollars", he said.

The case of North Carolina pastor Andrew Brunson continues to sour Turkey's relations with Washington. It was not clear when the court would consider the appeal. Brunson and the USA government vehemently deny those charges.

Pastor Andrew Brunson's lawyer renewed an appeal on Tuesday for Brunson's release from house arrest and for his travel ban to be lifted.

Brunson, who has been living in Turkey for more than two decades, was accused of helping supporters of the US -based Fethullah Gülen who Turkish authorities say masterminded the 2016 coup attempt in which 250 people were killed.

"The import duties were increased on some products, under the principle of reciprocity, in response to the U.S.administration's deliberate attacks on our economy", Fuat Oktay, Turkey's vice president said, according to numerous translations of a tweet he sent in Turkish.

"Through this simple campaign, we are showing our solidarity with the Turkish people against these artificial USA sanctions", he said.

"If [the United States] have the iPhone, there's Samsung on the other side", he said, referring to USA giant Apple's iconic phone and the top South Korean brand.

Apart from Apple's iPhone, Erdogan did not target specific electronic devices and didn't say how the boycott would be enforced.

Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey on August 13, 2018.

"The tariffs that the United States placed on Turkey were out of national security interests".

Sanders also criticized Turkey's imposition of tariffs on some USA goods as "regrettable and a step in the wrong direction".

The business groups also urged the drawing up of a roadmap to reduce inflation.

The moves came as President Tayyip Erdogan, whose government is locked in dispute with Washington over the fate of a US evangelical pastor on trial in Turkey, announced a boycott on Tuesday of USA electronic goods.

The Turkish currency has stabilized near record lows as investors gauge the government's next move to avoid a full-blown financial crisis.

President Recep Tayyip Erdogan suggested that Turkey will stick to Samsung and Vestel if USA products are banned.

Three big companies operating in Dogubank, a trade center specialized in the sales of electronic products in central Istanbul, suspended 50 million us dollars' worth of iPhone orders, the Turkish daily said. The lira, however, remains more than 14% lower than at this time last week. And as the currency drops, that debt becomes so much more expensive to repay, leading to potential bankruptcies.

The state-run Anadolu Agency said the finance chief would address hundreds of foreign investors on Thursday.

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