Turkey Edges Toward Recession in Tariff Spat With United States

A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey on Aug. 14, 2018. Reuters/Murad Sezer/File Photo
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Turkey’s battered lira weakened more than 6 percent against the dollar on Friday, Aug. 17, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over the detained American evangelical pastor Andrew Brunson.

Brunson, called a “great patriot hostage” by President Donald Trump, has spent the better part of the past two years in Turkish prisons or other forms of detention, over alleged links to outlawed political groups.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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