Turkey will boycott US electronics like the iPhone, according to its president

Umit Bektas/Reuters

• Turkey's president said the country would boycott the iPhone and other US electronics.
• Tayyip Erdogan made the remarks as the lira slides in response to an ongoing dispute with the US over the detention of an American pastor.
• The lira rallied slightly on Tuesday, and Erdogan has issued bullish statements about being the target of an economic war.

President Tayyip Erdogan said on Tuesday Turkey will boycott electronic products from the United States, retaliating in a dispute with Washington that has helped drive the lira to record lows.

The lira has lost more than 40 percent this year and crashed to 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.See the rest of the story at Business Insider

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