Turkey refuses to release pastor despite threat of USA sanctions

Turkey refuses to release pastor despite threat of USA sanctions

It's the latest blow to the country whose currency, the lira, has taken a battering amid concerns about fundamental economic problems and a diplomatic and trade dispute with the United States.

Turkey is calling for the U.S.to extradite a Pennsylvania-based Muslim cleric accused engineering a 2016 coup attempt.

"He is not a spy", Trump added.

Erdogan and his French counterpart Emmanuel Macron agreed in a phone call Thursday to foster trade ties, a Turkish presidential source said.

Elsewhere, the dollar dipped against a basket of currencies, moving further away from its highest levels since June 2017, hit earlier in the week as investors bought the US currency in a flight to safety.

Turkish officials say the case is a matter for the courts.

The 3rd High Criminal Court in Izmir ordered the continuation of Brunson's house arrest and ban on leaving the country.

On Thursday, Trump said Turkey had "taken advantage of the United States for many years" and referred to Brunson as a "great patriot" who was being held "hostage".

Turkey's lira fell again after trade minister Ruhsar Pekcan said her government would respond to any new trade duties, which Donald Trump threatened in an overnight tweet.

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However, it still ended with Disney and Marvel giving the ol' fuck you to the director who's made them billions of dollars. Marvel Cinematic Universe boss Kevin Feige did not attend the meeting, and is said to stand by Disney's decision.

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Turkish Finance Minister Berat Albayrak and his French counterpart Bruno Le Maire spoke by phone on Friday and discussed USA sanctions steps against Turkey, agreeing to act together in response to such moves, the Turkish ministry said. Turkey has retaliated with $533 million-worth of tariffs on US imports, including tobacco and alcohol.

Investors are concerned that Turkey's has amassed high levels of foreign debt to fuel growth in recent years, and as the currency drops, that debt becomes more expensive to repay, leading to potential bankruptcies. After Turkey shot down a Russian warplane it said had strayed into Turkish airspace, Erdogan staged a show of defiance against Putin's threats. It follows a surge over the last week and a half that saw the dollar climb to over 7 lira at its worst. "Would the amount of Turkey's debts decrease?" He demanded Brunson's release, saying "they can't take our people".

"We have more that we are planning to do if they don't release him quickly", Mnuchin said during a meeting of President Donald Trump's cabinet. Trump tweeted on Thursday.

Brunson, a 50-year-old evangelical pastor from Black Mountain, North Carolina, is being held on charges related to terrorism.

"A one-dollar American bill was found in Dr. Golge's possession when arrested". The U.S. says the charges are without merit.

The US insists the pastor, a long-time Turkish resident, is "a victim of unfair and unjust detention".

"We suspect that there are diminishing marginal returns to additional technical measures so long as they are not accompanied by a fundamentally-oriented policy package". "That's politics", he said.

If convicted, the American pastor faces up to 35 years in jail.

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