How to deal with U.S. sanctions?
- May 22, 2018
- Posted by: Center for Global Politics
- Category: Global Matters
The current administration of the United States pursues the (not unprecedented) policy of ignoring substituting or bypassing global and international norms to a new level. Recent examples include international trade treaties, the withdrawal from the Kyoto process, the pull-out from the 5 plus 1 Iran agreement, and the ongoing side-effects of these withdrawals.
It matters little whether current foreign policy is a continuation of traditional attitudes of exceptionalism, or if it is designed to win favour with certain domestic U.S. constituencies.
One of the more interesting issues is the phenomenon of secondary sanctions. This means that the U.S. administration does not only decide about which sanctions against who it wants to implement, but also tries to oblige companies from other countries to follow these ‘directions‘. If transnational companies do not accept this, they are threatened by sanctions themselves and may not be able to continue with commercial activities in the U.S., or with American partners.
While the global liberal order established after 1945 may be eroding, certain national regulations are being preserved, or even strengthened, especially in the U.S., China and to some extent, Russia.
This week’s questions are: a) is this acceptable? And b) what strategies and measures can be conceived to cope with this?