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Even though it would likely be politically very hard to defend, would Trump do it for Manafort?

Analysts said growing USA political uncertainty, reinforced by the criminal convictions of two of Trump’s ex-advisors, would keep the dollar under pressure, despite the United States embarking on greater monetary tightening than elsewhere. In total, gold prices have fallen...

Investors, already anxious about Turkey’s economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges.

As NPR explained in a primer on the dispute, much of the ill will shared by Turkey and the US stems not only from the back-and-forth on tariffs, but also from a diplomatic dust-up centered on two men of faith. During that time, fears of contagion roiled global markets.

Turkey had previously said it would boycott United States electronic products.

President Donald Trump doubled tariffs on Turkish metals exports to the United States last week prompting Turkey, which says it will not bow to threats, to raise tariffs on USA cars, alcohol and tobacco by the same amount on Wednesday.

President Trump and Erdogan were on relatively good terms before this latest spat, as the American president has even congratulated the Turkish authoritarian for consolidating power.

Pierami, an engineer, had driven over the bridge many times before.

The Trump administration has demanded that Brunson, a pastor from North Carolina who has lived in Turkey for decades, be allowed to return to the United States.

The decree will raise tariffs on American vehicle imports by 120-percent, alcohol by 140-percent and tobacco by 60-percent. “But there will be a price [which] those who’re waging an economic warfare against Turkey will also pay”.

Neither side appears willing to back down in the dispute over Andrew Brunson, an evangelical preacher who was arrested on terrorism charges in Turkey 22 months ago.

Turkish president Recep Tayyip Erdogan has said his country will boycott electronic products made in the USA amid an escalating diplomatic feud with the Trump administration that has helped trigger a currency meltdown in Turkey.

There was a clear, sharp drop in the lira’s value on Friday after Trump tweeted he was doubling tariffs on Turkish steel and aluminum, citing a national security threat, and a smaller decline when the USA sanctioned Turkey’s Interior and Justice Ministers on August 1....

The moves will free up 10 billion lira, $6 billion, and $3 billion equivalent of gold liquidity in the financial system, the bank said.

On the brink of a full-blown currency crisis, Turkey’s lira plunged to a record low Friday, tumbling as much as 18 percent in its biggest daily drop since 2001.