America Should Think Twice Before Replacing Sanctions with Tariffs – with Abraham Newman

Donald Trump complains that they are undermining the supremacy of the dollar.

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Henry Farrell (and Abraham Newman), “America Should Think Twice Before Replacing Sanctions with Tariffs,” Financial Times, September 19, 2024.

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ARTHUR C. CLARKE wrote a story in which the entire universe was created so that monks could ritually write out the nine billion names of God. The monks buy a computer to do this faster and better, with unfortunate consequences for the rest of us. The story’s last sentence: “Overhead, without any fuss, the stars ...
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Weaponized Interdependence – with Abraham Newman

In May 2018, the US Administration announced that it was pulling out of the Joint Comprehensive Plan of Action agreement on Iran’s nuclear program, reimposing sanctions. Most notably, many penalties do not apply to US firms, but to foreign firms that may have no presence in the US; the sanctions are consequential in large part because ofUS importance to the global financial network.This unilateral action by the US ...
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