>> The crisis in Turkey's currency may have taken a breather on Tuesday, but in an ongoing spat with the United States, the country's President has not. Tayyip Erdoğan announcing a boycott of electronic products from the United States.>>
> On Tuesday Brunson appealed to a Turkish court for his release. His move to house arrest has been dismissed as insufficient by Washington. But Turkey says Brunson's case is up to the courts.
A response to US sanctions and higher tariffs that contributed to a plunge in the value of the lira to a record low of 7.24 to the dollar. That free fall rippled across the globe as investors scrambled to cut their exposure to emerging markets. The Turkish currency recovered some ground on Tuesday morning, rising around 5%.
But the feud with the US has not eased. The hike in tariff on Turkish steels and aluminum imports was triggered by a US pastor being transferred to house arrest last month. Andrew Brunson, who has been held for 21 months in a Turkish prison, is accused by Ankara of helping supporters of Fethullah Gulen.
The US-based cleric who Turkish authorities accuse of masterminding a 2016 coup attempt against Erdogan.>>
And Ankara's stance is reflected on the streets of Istanbul.>> If we give up the pastor they will ask for other things. It will not get better.>> Turks have been told to trade in their dollars and euros for the lira in a bid to shore up the national currency.
Erdogan also says he'll offer incentives to companies planning to invest in Turkey, adding to the sense that he's battening down the hatches for a protracted dispute with the US.