November 15, 2019

Trump’s Embrace of Sanctions Irks Allies and Prompts Efforts to Evade Measures

Featuring Peter Harrell

Source: The New York Times

Journalists Alan Rappeport, Katie Rogers

President Trump’s increasing reliance on economic sanctions to solve foreign policy problems is fueling concern that the United States is abusing its financial power and prompting some governments to seek ways to evade American measures.

In recent months, the United States has increased pressure on Iran and Venezuela, dangled the removal of North Korean sanctions and, in only a few days, imposed, then reversed, sanctions against Turkey.

Now, American allies and adversaries alike are stepping up efforts to protect themselves in ways that could, over time, erode American power by undermining a key national security tool and diminishing the world’s reliance on the dollar as the global reserve currency.

Read the full story and more in The New York Times.

Authors

  • Peter Harrell

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is an adjunct senior fellow at the Center for a New American Security, where he focuses on the intersection of economics and national security. Research interest...