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Erdogan to Boycott iPhones as Turkey’s Feud With U.S. Escalates

  • Businesses and banks call on government to contain crisis
  • Finance Minister Albayrak pledges steps to protect the lira
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Turkey's Row With U.S. Escalates
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President Recep Tayyip Erdogan vowed to boycott iPhones in a demonstration of defiance as the U.S. held firm to its demand that Turkey release an evangelical pastor and Turkish executives called for action to bolster the lira.

Erdogan said the nation of 80 million people would stop buying American electronics, condemning the "explicit economic attack" against his country. The lira lost a quarter of its value this month as Donald Trump doubled tariffs on Turkish steel and aluminum imports and slapped sanctions on two ministers. It rebounded on Tuesday as Turks sold dollars.