Indonesia expresses support for Turkey, Erdogan

"If (the United States) have the iPhone, there's Samsung on the other side", he said, referring to U.S. giant Apple's iconic phone and the top South Korean brand.

The Turkish leader also accused the USA of stabbing Turkey "in the back".

However, severe changes in the value of the currency calmed Tuesday after news that US national security adviser John Bolton had met with the Turkish ambassador to Washington Monday.

He also made his now famous speech on the night of the July 2016 failed coup calling citizens out into the street through FaceTime, an iPhone app.

Last Friday, U.S. President Donald Trump said he had authorized higher tariffs on aluminum and steel imports from Turkey.

Turkish Airlines also announced on Twitter that it would join a campaign circulating on social media with a hashtag #ABDyeReklamVerme [don't give ads to America]. "Necessary instructions on the issue have been issued to our agencies", Yahya Ustun, spokesman for the country's flag-carrier, wrote on Twitter.

"Tax rates on imports of some products have been increased on a reciprocal basis against the US administration's deliberate attacks on our economy", Vice President Fuat Oktay said later on Twitter.

Foresees normalization in the Turkish economy.

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Behind the scenes, however, diplomatic dialogue appears to have resumed.

The war of words between Turkey and the United States has escalated significantly in the past week as the U.S. calls for the release of an American evangelical pastor.

The Turkish central bank has pledged to take "all necessary measures" to stabilize the country's economy to make sure the banks have all the money they need. The Turkish currency has lost about 40 percent of its value this year against the USA dollar.

Erdogan has said Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the currency.

Turkey doesn't want an economic warfare with anyone.

In a statement released Tuesday, Turkish business groups called on Erdogan to let the Turkish central bank raise interest rates to stop the currency crisis.

Turkey's Vice President Fuat Oktay has said Turkey has increased customs duties on some U.S. products including alcohol, cigarettes and cars in retaliation to Washington's tariffs on Turkish aluminium and iron.

It was also helped by a step from the banking watchdog BDDK, cutting the limit for Turkish banks' forex swap, spot and forward transactions with foreign banks to 25 percent of a bank's equity.

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