U.S. threatens more action against Turkey unless pastor freed

Turkey crisis

The Treasury Department earlier this month levied sanctions on two senior Turkish officials in retaliation for Brunson's continued detention.

"Turkey is a symptom of the growing challenges for emerging markets", said Mr. Subbaraman.

Brunson, who has been living in Turkey for some time, is facing substantial charges for cooperating with a secessionist terrorist organization and a gang that staged a failed coup in 2016.

Yet, the crisis that we face in American-Turkish relations goes well beyond the plight of the pastor.

Trump later tweeted that the United States "will pay nothing" for the release "but we are cutting back on Turkey!".

The court ruling comes amid a diplomatic spat between Turkey and the USA that has seen tariffs from both sides pile up and an exchange of threats of further sanctions.

The embattled currency, which has fallen by 40% this year amid a lack of interest rate hikes to control inflation, fell to around 5.86 to the dollar - continuing its recovery from a record low of 7.23 on Sunday.

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"You haven't acted, so we will", is how Brownback described President Donald Trump's "decisive, aggressive action" against Turkey for holding a USA citizen illegally on unproven terrorism charges.

U.S. Vice President Mike Pence continues sending threatening Tweets to Turkey, all the while, the White House says Trump is disappointed with Turkey.

"President Trump's imposition of tariffs on steel and aluminum is about protecting American national security", the spokesperson said.

The president sounded off on the detainment of pastor Andrew Brunson saying he is now asking him to represent our country as a great patriot hostage, in a fiery tweet Thursday. We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!

The ongoing case has caused a deterioration in U.S. The lira's sharp decline has sparked fears in the global community of a Turkish economic crisis. On Aug. 14, he said Turkey would boycott USA electronic products.

In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency.

Although they share a last name, Gazi is not related to Berat Albayrak, Ankara's current Finance Minister and the Turkish President's son-in-law who has been facing mounting criticism online over the unfolding financial crisis.

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