A pastor from NC is confined in Turkey. Free Andrew Brunson

Virginia Carson
August 16, 2018

President Donald Trump doubled tariffs on Turkish metals exports to the United States last week prompting Turkey, which says it will not bow to threats, to raise tariffs on US cars, alcohol and tobacco by the same amount on Wednesday.

The clergyman is at the center of heightened tensions between North Atlantic Treaty Organisation allies, Turkey and the U.S.

Turkey's central bank on Monday announced it was ready to take "all necessary measures" to ensure financial stability after the collapse of the lira, promising to provide banks with liquidity. The currency has lost more than 40 percent against the dollar this year, driven by worries over Erdogan's growing influence over the economy and his repeated calls for lower interest rates despite high inflation. The target products include, among others, cars, alcohol, and cosmetics, with rate hikes of 120%, 140%, and 60%, respectively.

Amnesty International said it was "overjoyed" by the news that its chairman in Turkey, Taner Kılıç, was set to be freed later Wednesday by an Istanbul court after being held in detention for over a year.

Turkish media reports say a Turkish court has rejected an appeal for the release of an American pastor from detention.

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Meanwhile, both local and foreign brands operating in Turkey are preparing to increase the price of their products in a move to adjust to the exchange rate.

American Pastor Andrew Craig Brunson, the man detained in Turkey on terror-related charges and espionage, and who is one of the reasons for the economic hostilities against Turkey by the United States, has filed a fresh appeal for freedom.

A Turkish court on Wednesday rejected US pastor Andrew Brunson's appeal to be released from house arrest and for his travel ban to be lifted, although a ruling from a higher court on the matter is still forthcoming.

On Sunday, Turkish President Recep Tayyip Erdogan said he would like to form "a new alliance" with China, Iran and Russian Federation to resist economic pressures imposed by the Donald Trump administration.

The appreciation of the lira also comes just hours after the Turkish government hit numerous American goods being imported to the country with punitive tariffs.

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"We are the branch of a foreign textile company producing overseas in the greenback and sell in Turkish currency", he noted.

"Turkey does not favor an economic war, but it can not remain unresponsive when it is attacked". An upper court had yet to rule on the appeal, his lawyer told Reuters.

"Turkey does not favour an economic war, but it can not remain unresponsive when it is attacked", said Ibrahim Kalin, a spokesperson for President Recep Tayyip Erdogan.

Although the Turkish lira recovered modestly today, President Recep Tayyip Erdogan announced today a boycott of America's iPhone manufactured by Apple and other unspecified electronic products.

Investors seemed to focus on this and underlying economic problems over the exchange of tariffs with the US, which analysts said was unlikely to cause serious pain.

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She said Turkey had treated Brunson "who we know to be a very good person and a strong Christian who has done nothing wrong, very unfairly, very badly, and it's something that we won't forget".

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