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We’re not banning all trade with a particular national, we’re banning a particular app from a nation we import more from (in terms of dollars as of 2019) than a
by rudolph9 6y ago
We’re not banning all trade with a particular national, we’re banning a particular app from a nation we import more from (in terms of dollars as of 2019) than any other nation.
This kind of unilateral decision strikes me as short sighted and more politically motivated than anything.
- didibus 6y agoNot all sanctions ban all trade, and a lot of them are targetted at a whole nation. And they are always politically motivated. Now I have no clue if this particular sanction is warrented, or if it'll have negative impact, etc. So maybe it is short cited, maybe it's not. I'm just saying apart from the higher profiles being sanctioned here, this seems similar to a lot of other sanctions.
- rudolph9 6y agoCan you name some examples of other sanctions it’s similar to?
- didibus 6y agoFor example, ZIMBABWE MINING DEVELOPMENT CORPORATION is sanctioned by the US, so it cannot participate in business transactions with any American company. Another one is Petróleos de Venezuela, S.A. an oil company from Venezuela. You can read more about it here: https://www.investopedia.com/financial-edge/0410/countries-sanctioned-by-the-u.s.---and-why.aspx https://www.investopedia.com/financial-edge/0410/countries-s... The important bit is this: > The U.S. sanctions countries that sponsor terrorism or perpetrate human rights violations on their people. The U.S. can sanction an entire nation or specific individuals or entities within that nation.