“There is an economic attack against Turkey. Earlier such things were done in secret, and now they are open to us. We can react in two ways: economically and politically,” Erdogan said in Ankara Tuesday, RT reported.
“Our Ministry of Finance and the Treasury are working day and night…we will boycott electronic goods from the United States. They have iPhones, but on the other hand there are Samsungs. We have our local brand Venus Vestel, we will use it,” the Turkish president added.
It is the latest chapter in a growing diplomatic rift between Turkey and the United States. The two countries have been at odds over the detention of American pastor Andrew Brunson in Turkey. Brunson is accused of aiding the failed military coup in 2016. He is facing 35 years in a Turkish prison.
The US imposed sanctions against Turkey, doubling steel and aluminums tariffs on Turkish imports. US pressure has created a currency crisis in Turkey with the lira plummeting to a record low of 7.20 against the dollar on Monday before strengthening to 6.61 on Tuesday.