The United States was the fourth largest source of imports to Turkey previous year, accounting for $12-billion of imports, according to International Monetary Fund statistics.
Turkey doubled tariffs on some USA imports including cars, alcohol and tobacco on Wednesday in retaliation for US moves, but the lira rallied a further six per cent after a fresh move by banking authorities to underpin the currency.
Turkey's relations with its North Atlantic Treaty Organisation ally the United States have soured over the detention of an American pastor on terror-related charges.
"Qatar has pledged $15 billion of direct investments in Turkey", presidential spokesman Kalin wrote on Twitter afterwards.
The decree said the move brought tariffs to 50 percent on imports of USA rice to 140 percent on hard alcoholic drinks like spirits, 60 percent in leaf tobacco and 60 percent on cosmetics.
The White House defended a slew of tariffs and sanctions that have substantially weakened Turkey's currency and forced regulators to take steps to curb financial flows out of the country.
The tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said, in an apparent parallel response to Trump´s move.
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The committee also cautioned its citizens regarding the risks that come with cryptocurrency investments. The standing committee was formed by the supreme decree headed by the CMA.
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Trade Minister Ruhsar Pekcan said Turkey had doubled tariffs on 22 products imported from the United States, saying the tariffs were together worth an additional $533 million.
The lira firmed as far as 5.75 against the dollar on August 15 and stood at 6.1320 at 8:43 ET in a move initially triggered by the Turkish court decision on the Greek soldiers who faced espionage charges.
Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle a dip in the Turkish lira..
"No one has an interest in the economic destabilization of Turkey", Merkel said in Berlin this week.
President Erdogan has accused the U.S. of trying to "bring Turkey to its knees through threats over a pastor".
On Wednesday, a Turkish court rejected his latest appeal to be released from house arrest.
Turkish officials have also been keen to emphasise that Ankara wants to retain strong ties with Europe, which has also expressed deep unease with Trump´s trade policies.
"The sanctions, however, that have been placed on Turkey are specific to pastor Brunson and others that we feel are being held unfairly, and we would consider that at that point", Sanders added.