"Given a USA president tends to do badly in his first mid-term election, he might do more on trade issues after the election", he added.
The White House called the Turkish response a step in the wrong direction and signalled a hard line on Brunson's release. In the months preceding the blockade Turkish companies were handling projects worth about $11.6bn in Qatar, most of which is put into FIFA World Cup 2022 projects, according to Qatar Chamber.
"Tax rates on imports of some products have been increased on a reciprocal basis against the USA administration's deliberate attacks on our economy", Vice President Fuat Oktay said on Twitter.
Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says the sanctions would be in addition to penalties recently imposed on two Turkish officials in the case of Andrew Craig Brunson.
Tuesday night, Turkey announced new tariffs against the United States, the latest in the mounting tit-for-tat between the long-time allies.
In a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan's son-in-law - said Turkey fully understood and recognised all its domestic challenges, but was dealing with what he described as a market anomaly.
Trump said it's "not fair, not right" that Turkey is holding "a very innocent man".
Earlier in the day, the currency had shrugged off USA comments ruling out the removal of steel tariffs on Turkey even if it frees an American pastor who lies at the center of the complex feud between Washington and Ankara. Turkey has also arrested several United States citizens in recent months. Tuesday, Turkish President Recep Tayyip Erdogan called for a boycott of USA electronics.
The currency faces immediate resistance in the $0.7280/90 zone and a major chart barrier at $0.7311.The Turkish lira steadied a little after Qatar pledged to invest $15 billion in the country and Turkey's central bank made it much more expensive to short the currency.
The state-run Anadolu Agency said the finance chief would address hundreds of foreign investors on Thursday.
On Tuesday, Erdogan called for a boycott of US electronics products, and his spokesperson described American policy as goading Turkey into an "economic war".
The minister ruled out imposing limits on money flows, NTV said. The central bank now refuses to raise interest rates even though doing so would help end the country's rampant inflation (it's at around 16 percent).
The drop in the Turkish lira is attracting more interest from tourists, including last minute travelers, as well as prospective real estate buyers.
Investors have also shown a preference for the greenback based on the expectation that the it will gain at the expense of emerging market currencies which are dependent on commodity exports.
"Contagion risks centre on Spanish, Italian and French banks exposed to Turkish foreign currency debt, as well as Argentina and South Africa", warned analysts at ANZ.