RE: they aren't tariffs
Posted on: March 1, 2023 at 14:38:50 CT
JayHoaxH8r
MU
Posts:
69760
Member For:
25.20 yrs
Level:
User
M.O.B. Votes:
0
Economic sanctions are defined as the withdrawal of customary trade and financial relations for foreign- and security-policy purposes. Sanctions may be comprehensive, prohibiting commercial activity with regard to an entire country, like the long-standing U.S. embargo of Cuba, or they may be targeted, blocking transactions by and with particular businesses, groups, or individuals.
Since 9/11, there has been a pronounced shift toward targeted or so-called smart sanctions, which aim to minimize the suffering of innocent civilians. Sanctions take a variety of forms, including travel bans, asset freezes, arms embargoes, capital restraints, foreign aid reductions, and trade restrictions. (General export controls [PDF], which are not punitive, are often excluded from sanctions discussions.)