Qatar poured funds into the country the same day Turkey doubled tariffs on some USA imports, such as cars, alcohol and tobacco, one day after President Recep Tayyip Erdogan called for a boycott of iPhones.
The currency strengthened some 2 percent against the dollar, trading at around 5.85 per dollar, hours before Treasury and Finance Minister Berat Albayrak was scheduled to update worldwide investors about the economy.
The growing tensions between Washington and Ankara have sent the Turkish currency tumbling to historic lows.
Mr. Trump is taking issue with the continued detention in Turkey of Andrew Brunson, an American evangelical pastor who faces 35 years in prison on charges of espionage and terrorism.
Brunson, who has been living in Turkey for more than two decades, was accused of helping supporters of the USA -based Fethullah Gülen who Turkish authorities say masterminded the 2016 coup attempt in which 250 people were killed. "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"
Speaking as he left the White House on Friday, Trump told reporters on the South Lawn: "They have a wonderful Christian pastor".
"We got somebody out for him", Trump said.
Paul Manafort's lawyers conclude trial without calling any witnesses
A U.S. judge also dismissed Mr Manafort's motion to throw out all 18 charges filed against him by Special Counsel Robert Mueller . Gates, Manafort's former business partner, testified last week that he and Manafort did in fact commit bank and tax fraud.
"We've already responded based on the World Trade Organization rules and will continue to do so", Pekcan was quoted as saying by the state-run Anadolu news agency.
In another high-profile case, a Turkish court ruled on August 15 to release from jail Taner Kilic, the local chair of Amnesty International, a researcher from the rights group said.
Erdogan also spoke with French President Emmanuel Macron, a day after talks with German Chancellor Angela Merkel and a $15 billion pledge of support from Qatar. Mr Brunson denies any involvement.
Qatar said it would provide "a host of economic projects, investments and deposits" worth $15 billion to support Turkey's economy.
Mr Trump, who has doubled steel and aluminum tariffs on Turkey, said the steel tariffs had kicked in and the aluminium tariffs would take effect soon.
Ankara has accused Brunson of being linked to the Gulen movement, which it says was responsible for the failed coup attempt in 2016.
The lira lost strength after Mnuchin's remarks.