It did not disclose details, but suggests Turkey might gravitate further away from its North Atlantic Treaty Organisation allies towards co-operation with Russian Federation, whose relations with the West are at their lowest since the Cold War.
BBVA, owner of nearly 50 percent of Istanbul-based Turkiye Garanti Bankasi AS, fell more than 5 percent.
"Our relations with Turkey are not good at this time!" he said in an early morning post.
State Department Spokesperson Heather Nauert told reporters on August 9 that the United States would define progress in relations with Turkey with Brunson's return to the United States. Trump wrote. "Aluminum will now be 20% and Steel 50%".
TURKS have been hitting bureau de changes, after being ordered to sell their gold and dollars to support the crumbling Lira.
Relations between Washington and Turkish President Recep Tayyip Erdogan also have worsened because of the detention of three locally employed United States consular workers, trade matters and differences over Syria.
Ankara and Washington have been at odds over the detention of the American evangelical pastor Andrew Brunson on terrorism charges, a matter that Trump has discussed directly with Turkish President Recep Tayyip Erdogan over the phone, The New York Times reported.
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Erdogan and his newly appointed finance minister, Berat Albayrak, are due to speak at 2 p.m. local time Friday. Trump also threatened additional "large sanctions" against Turkey, a North Atlantic Treaty Organisation ally, for Brunson's detention.
President Donald Trump abruptly announced Friday that he would double the rate of import tariffs on Turkish metals - forcing Turkey to ask citizens to buy its own crashing currency.
The Turkish lira fell 13 percent to 6.51 per dollar.
The lira, which has lost a third of its value this year, fell on his comments and was trading at around 6.05 to the dollar after he spoke, almost 9 percent weaker on the day.
USA lawmakers in both parties have expressed outrage in recent years as Erdogan expands his power over the Turkish government while purging political rivals and journalists. The currency has fallen more than 40 per cent this year, fanning worries about a full-blown economic crisis.
The president's characteristic defiance in the face of a shaky economy has further unnerved investors.
But Mr Erdogan is famously averse to interest rate rises, and there are fears he may be pressuring the central bank not to act. Inflation increased 16 percent in July, and Erdogan has insisted that interest rates not increase.
He railed against "those waging economic war" against Turkey. "Repeated efforts to communicate to the United States administration that none of the stated criteria driving America's tariffs are applicable to Turkey have thus far proven fruitless", he said. "Don't heed them", Erdogan said Thursday.
"Most of the actors in the Washington scene think that carrots just don't work with Turkey, just the stick", said political analyst Atilla Yesilada of Global Source Partners.