Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, Aug. 14, 2018.
The political spat with Washington has added to pressure on Turkey's currency, the lira, which has plunged against the dollar.
But the latest row with the United States also contributed to the lira's plunge. The lira's weakness has rippled through global markets.
"Rates have gone up by 10 percent".
The dollar's strength - overnight it also hit a 13-month high - has been bolstered by a fall for the euro, dogged by concerns over exposure of European banks to Turkey.
Turkey on Wednesday announced tariff hikes on a range of USA goods in the latest back-and-forth move amid a deteriorating relationship between the two countries.
"Remarkable turnaround", Tim Ash, Bluebay Asset Management senior emerging markets analyst wrote in a client note.
On Tuesday the lira recovered some ground, up around 5% on the day.
The impasse led to the depreciation of the Turkish lira, which lost 25 per cent of its value in August and impacted on other countries' currencies as well, including the Indian rupee, as investors feared the lira's wobbles could spread to developing nations.
Trump's tariff tweet inflames Turkey's economic crisis and strained U.S. relations
Erdogan reportedly was defiant, telling worshipers after Friday prayers that Turkey " will not lose the economic war ". Turkey's lira sank as low as 20 percent against the USA dollar Friday before settling at a 15 percent drop.
The Turkish government has doubled its retaliatory tariffs on American cars to 120% and on alcoholic drinks to 140%, according to a notice published Wednesday.
Tariffs were also increased on cosmetics, rice and coal.
"The import duties were increased on some products, under the principle of reciprocity, in response to the U.S. administration's deliberate attacks on our economy", Turkey's Vice President Fuat Oktay wrote in a Twitter post.
Turkey on Wednesday raised tariffs on a number products imported from the United States, including passenger cars, tobacco and spirits, retaliating for President Trump's decision last week to double tariffs on Turkish metals.
The development on Wednesday comes amid escalating tensions between Turkey and the United States, its North Atlantic Treaty Organisation ally. Turkey's exports to the United States previous year amounted to $8.7 billion, making it Turkey's fifth-largest export market.
Brunson's lawyer, İsmail Cem Halavurt, filed the demand on August 14 around a week after his previous appeal was rejected by the Turkish court in the western province of İzmir.
An upper court had yet to rule on the appeal, his lawyer told Reuters.
"We will impose a boycott on USA electronic products".
Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency.