Turkish president issues defiant response amid slide in lira fuelled by standoff with US

Business live: Erdoğan boycott threat – latest updates

Recep Tayyip Erdoğan has said Turkey will boycott electronic products from the US, as he issued another defiant response to the US sanctions imposed in a dispute over the detention of an American evangelical pastor.

The US measures have accelerated a currency crisis in Turkey, though the lira rallied slightly on Tuesday, from a low of 7 against the dollar on Monday night to about 6.5 at noon (1000 BST) in Istanbul.

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