September 11, 2018
Is the U.S. Using Sanctions Too Aggressively?
The Steps Washington Can Take to Guard Against Overuse
The United States’ use of sanctions has exploded over the past decade. An analysis by the law firm Gibson Dunn found that President Donald Trump’s administration added nearly 1,000 people, companies, and entities to U.S. sanctions lists during 2017, nearly 30 percent more than the number added during former President Barack Obama’s last year in office. But expanding sanctions is a rare area of bipartisan consensus in Washington: Obama added nearly three times as many people and entities to sanctions list in his last year in office as he had in 2009.
The explosion of U.S. sanctions is evident not only in the raw numbers of people on U.S. sanctions lists—the scope and complexity of sanctions prohibitions is growing as well. In 2014, the United States invented an entirely new category of penalty, the Sectoral Sanctions Identifications (SSI) List, which prohibits certain kinds of financial transactions with a target company while allowing most others, enabling Washington to target large Russian companies where traditional sanctions could have created unacceptable collateral costs for both the United States and Europe. The Treasury Department applied the model to Venezuela in 2017. And Trump’s merger of sanctions and other national security tools, such as his August 9 decision to impose Section 232 national security tariffs on Turkish steel and aluminum in the context of a diplomatic dispute over a detained American pastor, represents another innovation that has had undeniable economic impacts on Ankara. Trump is also reportedly considering sanctioning Chinese officials and companies over China’s internment of ethnic Uighurs and other Muslims, a move that Beijing would view as highly provocative, while National Security Advisor John Bolton this week publicly threatened to sanction the International Criminal Court if it pursues Americans.
Read the Full Article at Foreign Affairs
More from CNAS
-
The Real Impact of SCOTUS's Tariff Hearing with Kathleen Claussen
Podcast
Kathleen Claussen, Professor of Law at Georgetown University, joins Emily and Geoff to discuss the SCOTUS case on Trump's tariffs. They share their insights from the recent SC...
By Emily Kilcrease & Geoffrey Gertz
-
The Future of IEEPA Tariffs with Geoffrey Gertz
Podcast
On November 5, the Supreme Court of the United States heard oral argument on the use of the International Emergency Economic Powers Act (IEEPA) by President Donald Trump to im...
By Geoffrey Gertz
-
Economic Security in North America
Commentary
Executive Summary In its request for comment, the Office of the U.S. Trade Representative (USTR) solicits comments on and recommendations for “specific actions [to promote] al...
By Emily Kilcrease & Geoffrey Gertz
-
How Sanctions Became a Way to Wage War and When They Actually Work, with Eddie Fishman
Podcast
In this episode of “Financial Crime Matters,“ Kieran Beer talks with Eddie Fishman, CNAS adjunct senior fellow and author of “Chokepoints: How the Global Economy Became a Weap...
By Edward Fishman
