Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the NATO country.
Turkey's lira fell once again after the trade minister, Ruhsar Pekcan, said Friday that her government would respond to any new trade duties, which US President Donald Trump threatened in an overnight tweet.
Trump is taking issue with the continued detention in Turkey of American pastor Andrew Brunson, an evangelical pastor who faces 35 years in prison on charges of espionage and terror-related charges.
Dashing hopes for a quick solution to the dispute, a Turkish court on Friday rejected an appeal for the pastor's release from house detention. Upholding a lower court's decision earlier this week, it also ruled against lifting a travel ban imposed on Brunson.
Trump wrote in a tweet late Thursday: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"
He also urged Brunson to serve as a "great patriot hostage" while he is jailed and criticized Turkey for "holding our wonderful Christian Pastor."