Tuesday, 23 April 2019

Erdogan vows to defy US ‘threats’ after currency crash

ISTANBUL: President Recep Tayyip Erdogan vowed Saturday to defy US “threats” over a detained pastor, showing no signs of concessions in a bitter row that has caused the Turkish lira to crash.

The Turkish strongman also said his country’s partnership with the United States may be in jeopardy, warning Ankara could start looking for new allies in an op-ed in the New York Times.

Relations between the two NATO allies have sunk to their lowest point in decades over a string of issues including the detention of US pastor Andrew Brunson on terror-related charges, prompting the Turkish lira to hit record lows against the dollar.

The embattled lira tumbled 16 percent against the dollar on Friday, falling further when US President Donald Trump said he had doubled steel and aluminium tariffs on Turkey.

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