Monday, 12 November, 2018

Trump attacks Turkey, vows to pay 'nothing' for USA pastor's release

Christian Charisius  Reuters Christian Charisius Reuters
Jean Garcia | 18 August, 2018, 03:26

On the first day Trump threatened Turkey with sanctions for the treatment of Brunson, Vice President Mike Pence gave a prayer at the Ministerial to Advance Religious Freedom in which he said "to believers across America, I say a pray for pastor Brunson".

Andrew Brunson, an evangelical pastor who is now under house arrest in Turkey.

Ankara has accused Brunson of being linked to the Gulen movement, which it says was responsible for the failed coup attempt in 2016.

USA stocks climbed in afternoon trading after a Mexican economic official told reporters that trade talks between the United States and Mexico were "advancing well".

President Trump tweeted Thursday evening calling for Brunson's release, saying that the U.S.

The Turkish lira's continued recovery helped some emerging market currencies, although the Chinese yuan slipped slightly after Thursday's big rise, underlining investor nervousness about volatility in developing markets.

The 3rd High Criminal Court in Izmir ordered the continuation of Brunson's house arrest and ban on leaving the country.

A Turkish court in western Turkey's Izmir province on Friday rejected a third appeal for terror-linked US pastor Andrew Craig Brunson's release.

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That much information was revealed by US Treasury Secretary Steven Mnuchin while addressing a cabinet meeting on Thursday when he said that the next spiral of tit-for-tat sanctions was coming soon, deepening a spat that has rattled financial markets, if Brunson is not released by Turkey.

Turkey retaliated with some $533 million of tariffs on some USA imports - including cars, tobacco and alcoholic drinks - and said it would boycott United States electronic goods. When asked about the investment by reporters, Lu Yi said that China has always attached importance to the economic, trade and financial ties it has with Turkey.

Brunson's next hearing as part of the trial is scheduled for October 12.

"Do you think the lira will gain against the dollar if Brunson is released? "We have seen no credible evidence against Mr. Brunson, and we call on Turkish authorities to resolve his case immediately in a transparent and fair manner". USA officials maintain there is no credible evidence against Brunson, and the Trump administration has negotiated for weeks to secure his release. Mr Trump tweeted last week.

"A one-dollar American bill was found in Dr. Golge's possession when arrested".

Turkey has repeatedly criticized the US for not condemning the coup attempt two years ago.

A rebound in the Turkish lira was cut short by new threats by Ankara and Washington to impose more sanctions as the dispute over a jailed American pastor shows no sign of being resolved.

"There has been no improvement in relations with the USA and additional sanctions may be on the horizon", said William Jackson of Capital Economics in a note to clients, adding that the lira could see a downward trend in 2019 and beyond.

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