Many countries had been the target of similar USA trade measures, Albayrak said on Thursday, and Turkey would navigate this period with other parties such as Germany, Russia and China.
Mr Trump added: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" Brunson is accused of backing a 2016 coup attempt against Erdogan, which Brunson denies.
"We have more that we are planning to do if they don't release him quickly".
"It's something that we won't forget in the administration", she added.
The White House called the Turkish response a step in the wrong direction and signalled a hard line on Brunson's release.
"The plunge in the lira which began in May now looks certain to push the Turkish economy into recession and it may well trigger a banking crisis", said Andrew Kenningham, chief global economist at Capital Economics.
Unai Emery sends warning to Gunners sqaud
The Gunners were given a tough start to the season when the fixture generator put them up against City and Chelsea in their first two league games.
"Investors' risk appetite didn't grow further", a think tank official said, pointing out, "Washington and Beijing reached an accord in past discussions, but they eventually ended up canceling it".
Trump, who doubled steel and aluminum tariffs on Turkey, said the steel tariffs have kicked in the aluminum tariffs will take effect soon.
Turkish Foreign Minister Mevlut Cavusoglu told reporters that the top US diplomat in Turkey would visit Brunson later Tuesday.
Turkey and Qatar - which is also a very close United States ally - have become close economic and political partners in recent times.
Turkish President Recep Tayyip Erdogan's call to boycott USA products, specifically the smartphones made by California tech giant Apple, was met with several videos online that see a few especially patriotic Turks destroying their mobile devices with sledgehammers, rocks, shotguns and even fire, CBS reported.
Turkey's finance chief has tried to reassure thousands of worldwide investors on a conference call, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis.
The minister ruled out imposing limits on money flows, NTV said.
China, US look to diffuse trade conflict; talks slated late August
Chinese stocks also reversed losses Thursday morning after the announcement of further trade talks. News of the meeting boosted the yuan and aided China's stock market, Reuters reported.
However, analysts are calling for a sharp hike in interest rates - which Erdogan adamantly opposes because it will put a brake on economic growth.
The drop in the Turkish lira is attracting more interest from tourists, including last minute travelers, as well as prospective real estate buyers. Qatar has been downplaying its public support for Turkey - now at loggerheads with Washington - as it attempts to manage its relationship with the United States. "Ninety percent of public and private sector debt is denominated in foreign currencies", he said.
Some are looking for a longer-term bargain - property.
On Wednesday, Erdogan met for more than three hours with His Highness the Amir Sheikh Tamim bin Hamad al-Thani, who approved a package of economic projects, investments and deposits worth $15bn. "This is very easy to resolve", the administration official said.
Mr Erdogan held a similar conversation with Germany's Angela Merkel on Wednesday.
The leader of Qatar pledged a fuzzy US$15-billion investment.
The Turkish currency has stabilized near record lows as investors gauge the government's next move to avoid a full-blown financial crisis.
Utah firefighter killed while fighting Mendocino Complex fire in California
The man accused of deliberately starting the fire appeared in court on Friday, but his arraignment was postponed. Clark's bail was set at $1 million dollars, and he could face up to life in prison if convicted.