Published: Sat, August 18, 2018
Finance | By Cynthia Curry

Turkey has more to ‘lose’ in Apple boycott

Turkey has more to ‘lose’ in Apple boycott

"U.S. Treasury Secretary Steven Mnuchin assured President Donald Trump at a Cabinet meeting that sanctions were ready to be put in place if Brunson was not freed".

The lira, which earlier this week traded at well over seven to the dollar, was at 5.8 against the dollar and 6.7 against euro on Friday.

Turkey and the United States are now experiencing rocky relations after Washington imposed sanctions on two Turkish Cabinet ministers for not releasing U.S. pastor Andrew Brunson, who was arrested and charged with espionage and terrorism in Turkey. He called Brunson "a great patriot hostage.".

"We have more that we're planning to do if they don't release him quickly", Mnuchin said when asked by President Trump at a Cabinet meeting for an update on USA sanctions on Turkish officials.

The slide sent jitters across emerging market currencies.

The crash comes amid the ongoing diplomatic row between the USA and Turkey over an American pastor alleged to have been involved in the Middle Eastern country's 2016 attempted coup.

Brownback told Tony Perkins, president of the Family Research Council, on his national radio program Washington Watch Tuesday that the US has tried to gain Brunson's release through diplomatic efforts but now feels it is necessary to take a tougher stance.

Putting all the mathematics and statistics together, it concludes that there are 8.5 times more iPhone users worldwide than there are people in Turkey.

Trump Takes Credit For Cancellation of His Own ‘Ridiculously’ Expensive Military Parade
US Northern Command, which oversees US troops in North America, is responsible for the actual execution of the parade. The U.S. has not held a major military parade in Washington since 1991 to mark the end of Operation Desert Storm.

A senior U.S. official told CNN that in exchange for Turkey's release of Brunson, Israel agreed to release Ebru Ozkan, a 27-year-old Turkish woman held in Israel on suspicion of aiding Hamas, the Palestinian militant group that controls Gaza.

'We are not going to take it sitting down.' The row follows US-imposed sanctions on two Turkish ministers and doubled tariffs on its steel and aluminum imports.

Turkey has repeatedly said the presence of terror forces near its border constitutes a threat and has launched military operations and other efforts to rid the region of terrorists.

"So, we haven't seen the last of that".

"Turkey would do well not to test @POTUS Trump's resolve to see Americans who are wrongfully imprisoned in foreign lands returned home to the United States", Pence tweeted.

She explained to The Media Line that Turkey's economic growth under Erdogan was partly predicated on the fact that investors viewed him as a stabilizing force.

Turkey has found itself in an economic chokehold as President Recep Tayyip Erdoğan refuses to allow the central bank to raise interest rates, thereby steadying inflation.

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

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