TURKEY'S -U.S. BOYCOTT- TRUMPETS

ERDOGAN says Turkey will boycott US electronic goods, and bilateral relations plummet sending  Turkish Lira into free fall against dollar.

Istanbul : President Tayyip Erdogan said on Tuesday Turkey will boycott electronics products from the  United States, retaliating in a row with Washington that helped drive the Lira to record lows.

The Lira   has lost more than 40% this year and crashed to all an all-time low of 7.24 to the dollar early on Monday, hit by worries over Erdogan's calls for lower interest rates and worsening ties with the United States

The Lira's weakness has rippled through  global markets.

Its drop of as much as 18% on Friday hit European and US stocks as investors fretted about banks exposure on Turkey. On Tuesday, the Lira recovered some ground, up around 5% on the day.

It was supported by news of a  planned conference call in which the finance minister will seek to reassure investors concerned by Erdogan's control of the economy and his resistance to interest rate hikes to tackle double-digit  inflation.

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

''Together with our people, we will stand decisively against the dollar, forex prices, inflation and interest rates.

We will protect our  economic independence   by being tight-knit  together,'' he told members of the  AK  party in a speech.

The United States has imposed sanctions on  two Turkish ministers  over the trial on  terrorism charges  of a US evangelical pastor on Turkey.

The Lira's plunge was turned into a rout on Friday when US President Donald Trump tweeted that Washington was doubling aluminum and steel tariffs for Turkey.

Turkish Also announced on Twitter that it would join a campaign circulating on social media with a hashtag ABDyeReklamVerme [don't give ads to America].