US threatens more sanctions in Turkey crisis

The Turkish lira fell again after trade minister Ruhsar Pekcan said her government would respond to any new trade duties.

Donald Trump (AP Photo/Carolyn Kaster)

By Suzan Fraser, Associated Press

Turkey and the US have exchanged new threats of sanctions, keeping alive a diplomatic and financial crisis threatening the economic stability of the Nato country.

Turkey’s lira fell again after trade minister Ruhsar Pekcan said her government would respond to any new trade duties, which Donald Trump threatened in an overnight tweet.