| | | Tariffs aren't sanctions; they are sales taxes paid by the consumer. If we're sanctioned, any country or company doing business with us will be punished.
What Are Economic Sanctions? | Council on Foreign Relations (cfr.org)
As of 2024, the United States has comprehensive sanctions regimes on Cuba, North Korea, Iran, Russia, and Syria, as well as more than a dozen other programs targeting individuals and entities pertaining to certain political crises or certain types of suspected criminal behavior, such as narcotics trafficking. OFAC routinely adds (and deletes) entries on its blacklist of more than twelve thousand individuals, businesses, and groups (collectively known as specially designated nationals, or SDNs.) The assets of those listed are blocked, and U.S. persons, including U.S. businesses and their foreign branches, are forbidden from transacting with them. Under President Joe Biden, OFAC has designated thousands of individuals and firms from several countries in connection with Russia’s war in Ukraine. |
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