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The modern instance has far less apparent rational motives. The threat of imposition of sanctions on Iraq is coming almost solely from the President of the US,
by linkregister 7y ago
The modern instance has far less apparent rational motives. The threat of imposition of sanctions on Iraq is coming almost solely from the President of the US, framed as a retaliatory gesture. The language used implies the threat is guided primarily by emotion rather than by a sober realpolitik diplomatic move.
It appears that most of the government, even most Republicans in Congress, disagree with the idea. Though Republicans are currently in a vulnerable state with regards to political pressure from the President, I find it unlikely that a bill imposing sanctions will be enacted without a significant change after the 2020 elections.
- thawaway1837 7y agoThe other major change is that under the current administration America has been pointing its financial weapons at allies as well. That’s the major change the article is talking about, without being fully explicit about it. Russia and China have been wanting to move away from the dollar for over a decade. It’s the fact that the EU now also wants to do so that has changed. The greatest long term impact of Teump’s Iran policy will likely be the creation of Instex (or more relevant, whatever follows it) that will help the EU and Asian countries move away from the US as the center of the financial world.