Published: Fri, August 17, 2018
Finance | By Jaime Brady

Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

The lira, which has lost some 40 per cent of its value this year, weakened beyond 6.21 against the US dollar after the news, from 6.04 beforehand.

The lira has lost almost 40 percent of its value against the dollar this year, sparking a sell-off in emerging market currencies and weighing on global stocks.

The White House has said that Turkey's tariff hikes on U.S. products in retaliation for sanctions against Ankara were "regrettable" and again called for the immediate release of American pastor Andrew Brunson.

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 United States was the fourth-largest source of imports to Turkey previous year, accounting for $12 billion of imports, according to International Monetary Fund statistics.

"We have stood together and will continue to do so", he said, making clear the high-level meeting was meant to communicate unequivocal support for Turkey at a critical juncture.

He said: "We put sanctions on several cabinet members". Trump, who counts evangelical Christians among his core supporters, has increasingly championed the pastor's case.

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A court refused to release Mr Brunson, and the the government in Ankara increased tariffs on imports from the USA of cars, alcoholic drinks and leaf tobacco - and the lira recovered slightly. "They can't take our people".

Bilateral ties have spiraled into a full-blown crisis over the trial of Andrew Brunson, a Christian pastor, who is accused of having links with perpetrators of a failed military coup against Erdogan in 2016.

"Release Brunson", Mr Bolton told him, according to the official, who declined to be named.

The two North Atlantic Treaty Organisation allies are at an impasse regarding the detention of an American pastor, differing views on Syria, and Turkey's purchase of Russian military equipment.

He said he was also considering an appeal to Turkey's constitutional court.

"Despite everything, we are ready to talk about everything to solve the existing problems as equal partners", Causoglu said.

The lira has lost nearly 40 per cent of its value against the dollar this year as the feud between Mr Trump and President Erdogan has deepened.

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