Trump says Turkey has acted badly in Brunson case


"This is regrettable and a step in the wrong direction".

The growing tensions between Washington and Ankara have sent the Turkish currency tumbling to historic lows.

The lira lost strength after Mnuchin's remarks.

On Monday, the central bank said it would provide all the liquidity Turkish banks needed, as it seeks to keep money flowing in the financial system. The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar. "The fundamentals of the Turkish economy are robust and Turkey will emerge stronger from this process", Ibrahim Kalin wrote.

Meanwhile, Turkish people in social media tend to expand boycott in other US products ranging from textile to fast food.

Turkey has taken advantage of the United States for many years.

Qatar's royal court released a statement saying Al-Thani "issued directives that will see the State of Qatar to provide a host of economic projects, investments, and deposits" worth $15 billion to support the Turkish economy.

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Ellis III whether he wished to testify in his defense, Manafort responded: "No, sir". "You don't really care about Mr. Witnesses testified at trial that Calk pushed the loans through because he wanted a post in the Trump administration.

Turkey rejected a USA appeal calling for the release of an imprisoned American pastor, but an upper court still needs to rule on that appeal. Turkey, for its part, denounced the "economic war" and said it would find "new friends and allies".

"They should have given him back a long time ago, and Turkey has in my opinion acted very, very badly", Trump told reporters at the White House.

The two North Atlantic Treaty Organisation allies have traded tit-for-tat sanctions over the pastor's house arrest.

"Turkey has alternatives", he said.

A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet US representatives, China's Ministry of Commerce said in a statement.

The crisis in Turkey has been made worse by a diplomatic dispute with the USA and the mercurial moods and questionable policy positions of President Recep Tayyip Erdoğan, but the combination of heavy global borrowing and a fall in the national currency is the same scenario that could undermine other emerging economies.

JP Morgan said moves by Turkish authorities showed they were committed to stabilising the currency with technical measures such as restricting foreign exchange swaps and cancelling repo auctions to push up the average cost of bank funding. "Turkey has done some really silly things which all the emerging markets have not done and the EMs will be penalised because one of them has misbehaved", Napier said.