Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the USA administration".
Turkey's President Recep Tayyip Erdogan, gestures as he delivers a speech to Turkish ambassadors at the Presidential Palace in Turkey, Monday, Aug. 13, 2018.
The Turkish lira rallied 3 percent on Thursday ahead of a presentation by Finance Minister Berat Albayrak to investors, shrugging off USA comments ruling out the removal of steel tariffs on Turkey even if it frees a US pastor.
The U.S. hitTurkey with sanctions and a doubling of tariffs on steel and aluminum.
The Turkish government doubled its tariffs on imports of American cars and alcoholic beverages to 120 and 140 percent, respectively, CNN reported. Last week, the USA also announced plans to double tariffs on Turkish steel and aluminum.
Russia backs using national currencies, not the U.S. dollar, in its trade with Turkey, Russian Foreign Minister Sergei Lavrov said on Tuesday, but he made no firm commitments that would immediately help Ankara to weather its currency crisis.
The currency lost almost 40 percent against the dollar this year, driven by worries over President Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
Despite the political tensions, the lira rebounded 6 percent on Wednesday, strengthening to about 6.0 to the dollar.
Following the latest announcement, Turkey's presidential spokesman Ibrahim Kalin has called on the U.S.to engage in diplomacy.
Erdogan has said Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency.
Brunson has been detained for almost two years in Turkey. "Turkey would do well not to test Trump's resolve to see Americans who are wrongfully imprisoned in foreign lands returned home to the United States", Vice President Mike Pence said in a tweet.
Both the White House and State Department continued to express an uncompromising position toward Turkey on Tuesday, demanding that Ankara release US Pastor Andrew Brunson, whom it detained in October 2016, following July's abortive coup attempt.
The White House said on Tuesday President Donald Trump was frustrated that Turkey had not released Brunson.
In a press briefing, White House spokesperson Sarah Sanders said, "The tariffs that are in place on steel would not be removed with the release of Pastor Brunson".
US pastor Andrew Craig Brunson, escorted by Turkish plainclothes police officers, arrives at his house on July 25, 2018, in Izmir. "Not only with Turkey and Iran, we're also arranging and already implementing payments in national currencies with the People's Republic of China", he said.
It also said that until markets "normalize", it would temporarily stop applying the effect of day-to-day losses on the securities held by banks to their capital adequacy ratios.
Turkey slapped another round of steep tariffs on US goods as the two countries escalate their trade battle and push the relationship to a breaking point. Brunson's lawyer told Reuters that the appeal could be heard sooner that the usual three to seven days.
The Australian Catholic Bishops Conference, the country's top Catholic body that Wilson once led, had no immediate comment. Wilson for two months refused to quit following his conviction, claiming he wanted to wait for the outcome of his appeal.
Coming to the pricing, the Motorola P30 with 64GB and 128GB of internal storage is priced at 2099 Yuan and 2499 Yuan respectively. The single major reason for Motorola P30's close resemblance to iPhone X is the fact that consumers like such design language.
But now Aerosmith is ready to dig in and sit in one place for awhile, and it turns out that place is Las Vegas . Aerosmith today announced a headlining residency called " Deuces Are Wild " in Las Vegas.
The Republic of Ireland re-entered the top 30 - climbing two spots to 29th, with Scotland also up two in taking 40th in the list. Italy - who failed to qualify for the World Cup - dropped out of the top 20, down from 19th to 21st.
South Korea has blamed the North for ordering the assassination, an accusation that Pyongyang has repeatedly rejected. Kim Jong Nam, the estranged half-brother of North Korean leader Kim Jong Un , was killed in Kuala Lumpur airport.
Social media giant Facebook has bought the exclusive rights to broadcast La Liga matches in the Indian sub-continent. Facebook already has rights for Major League Baseball in the United States with a reported cost of $1m per game.
Pakistan's Independence Day is celebrated with special prayers in mosques - centred around peace and security of the country. The President of Maldives Mohamed Nasheed also wished the citizens of India and the Prime Minister a happy Independence Day .
The report does add that Real Madrid were close to signing De Gea in 2015 but could not file the necessary paperwork in time. United are hopeful of agreeing a five-year contract with De Gea, which would keep him at the club well into his 30s.
Most of the officials in question are top intelligence officials who also worked under Barack Obama and previous administrations. Brennan directly, concluding unequivocally that agency officials had indeed improperly accessed congressional staffers' files.
That shift stems from a shift among Democrats - nearly three-quarters now approve of Mueller's work, 72%, up 10 points since June. Only 34 percent of Americans approve of Trump's handling of the Russian Federation investigation, vs. 55 percent who disapprove.
Bitcoin price keeps falling and just dipped below $6,000
This has always been the case and the success or failure of bitcoin has always dictated the position of all other cryptos. The world's largest cryptocurrency , Bitcoin , followed the downward trend to fall below $6000 early in the session.
No more call recording on Android: Google
In other cases, the original charger seems to be one of the only ones that continues to work as intended. He now carries a Pixel 2 XL, Huawei P20 Pro, and a Galaxy Tab S2 8.0 around in his pockets.
Cleveland Browns Hard Knocks, episode 2: 5 things we learned
Based on the reality that there's no way he didn't know weed was in the auto , the team's current trust in him may be misplaced. Corey Coleman was traded to the Buffalo Bills a little over a week ago in a move that caught many by surprise.
The alarming photo before bridge collapse that killed 39
A truck is blocked at the end of the collapsed Morandi highway bridge in Genoa, northern Italy , Wednesday, Aug. 15, 2018. Pope Francis sent his condolences to the victims, saying the tragedy has "caused desperation among the population".
Kobe's $6M investment in BodyArmor now worth $200M
The deal puts BodyArmor in Coke's powerful distribution network, on their delivery trucks throughout most of the United States. Several professional players have equity stakes in BodyArmor has part of their respective endorsement deals.
New Zealand stops foreigners buying homes
Green Party wants the provincial government to follow the lead of New Zealand and ban foreigners from buying residential property. Westpac's expectation is that nationwide annual house-price inflation will slow to around zero by the end of 2018, Stephens said.