President Donald Trump condemned the detention of an American pastor in Turkey and warned that "we are not going to take it sitting down". "We have more that we're planning to do if they don't release him quickly".
Last Friday, U.S. President Donald Trump said he had authorised higher tariffs on aluminium and steel imports from Turkey.
The Trump administration has already sanctioned two Turkish leaders over the pastor's imprisonment.
"Even if tensions between the U.S. and Turkey are resolved, investors still need to see serious fiscal and monetary measures to restore confidence".
"Any conversations we have with China to come up with a deal and any conversations we have with Mexico would be seen as a win for the U.S." said Jeffrey Frankel, president at Stuart Frankel & Co in NY.
"Certainly it has been a very dramatic war of words between Ankara and Washington and Trump has made no bones about the financial repercussions that the U.S. is willing to undertake".More news: European Union seeks safe harbor for ship carrying 141 rescued migrants
In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency.
President Donald Trump's decision to double tariffs on Turkey last Friday was another salvo in the growing dispute between the two North Atlantic Treaty Organisation allies.
"The tariffs that the United States placed on Turkey were out of national security interests".
Qatar's royal court released a statement saying Al-Thani "issued directives that will see the State of Qatar to provide a host of economic projects, investments, and deposits" worth $15 billion to support the Turkish economy.
Almost 10 million people use USA iPhones in Turkey, press reports said, adding that the amount paid for the products hit 7 billion dollars in 10 years. He has tweeted the United States will pay nothing for the release of an innocent man after the White House confirmed it has prepared to impose more sanctions.
Turkey's finance chief tried to reassure thousands of global investors on a conference call Thursday, in which he pledged to fix the economic troubles.
Turkey is also seemingly on the brink of a major debt crisis, as a weakening lira makes it harder for Ankara to pay its worldwide dues.