Washington has imposed financial sanctions on two Turkish ministers and doubled steel and aluminum tariffs on Turkey, as Trump tries to secure the release of Andrew Brunson, a 50-year-old American pastor being tried in Turkey on espionage and terrorism-related charges.
In a direct threat against the White House, Erdoğan warned U.S. president Trump, who signed off the sanctions, of unspecified consequences for punishing Turkey.
Brunson is at the moment under house arrest.
"This was my second appeal that was rejected".
"I'm not looking for a new product anyway", he said. A higher court was however, was scheduled to review the appeal, the agency said.
Turkey doubled tariffs on some USA imports including alcohol, cars and tobacco on Wednesday in retaliation for US moves, but the lira rallied further after the central bank's liquidity moves had the effect of supporting the currency.
The Eurasian country's president, Recep Tayyip Erdogan, announced on Tuesday that he would be calling for a boycott of all American electronics sold to the country's residents.
A Turkish court on Wednesday rejected a new appeal to free U.S. pastor Andrew Brunson, whose detention has sparked a major row between Turkey and the United States, local media reported.
Qatar's Emir Sheikh Tamim bin Hamad al Thani, Turkish President Recep Tayyip Erdogan, Turkish Finance Minister Berat Albayrak and his Qatari counterpart Ali Sharif al Emadi holding lunchtime talks in Ankara, August 15, 2018.
If Brunson is found guilty, he could face up to 35 years in prison.
His next hearing as part of the trial is scheduled for October 12.
The American Center for Law and Justice (ACLJ) says that the charges are not legitimate and that Brunson was arrested primarily because of his Christian faith.
Trump administration officials are also pointing out that the basic reason for the Lira's collapse is not so much what the United States has done as it is long-standing flaws in Turkish economic policies.
In another high-profile case, a Turkish court freed Taner Kilic, the local chair of Amnesty International, a researcher from the rights group said. An administration official said the Monday meeting, which took place at the Turkish ambassador's request, yielded no progress.
But the U.S. insists Andrew Brunson, a long-time Turkish resident who ran the tiny Izmir Resurrection Church, is "a victim of unfair and unjust detention".
"Whilst we rejoice at this decision, our celebrations will only truly begin when he is safely back at home in the arms of his wife and daughters", Amnesty said in a statement.
In 2013, Turkey agreed a US$3.4 billion order for its first missile defence system from China, but it was called off in 2015 after opposition from Washington and North Atlantic Treaty Organisation.