Seems like that is the default course of action when one country is doing a “bad” thing that the US or Europe doesn’t like.

I’ll admit that I don’t really know how that works, or how it’s enforced, or whatever. But could the EU and/or Canada or even China impose sanctions on the US now since the US is doing, um, very bad things?

  • CompactFlax@discuss.tchncs.de
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    4 months ago

    Sure. But that quickly turns into

    No Microsoft, google, or Apple. No GitHub, Intel, or AMD. No Facebook or Netflix, Disney, etc.

    It is nearly impossible to escape financial involvement with USA companies, and it’s why countries under sanctions from USA are not wealthy.

  • marcos@lemmy.world
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    4 months ago

    China have done so a couple of times already, responding to the US putting sanctions on them. That’s what the “rare earth” stuff on the news is about.

    Large countries tend to not respond to sanctions the same way than smaller ones. With enough people interested, there are many ways to evade sanctions, and a dynamic economy can always adapt and use different products or services.

    • GrammarPolice@lemmy.world
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      4 months ago

      Are those sanctions or tariffs you’re talking about? Tariffs and sanctions are two different things

  • givesomefucks@lemmy.world
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    4 months ago

    I’ll admit that I don’t really know how that works, or how it’s enforced, or whatever

    They almost always mean “economic sanctions”.

    Cutting them off from “western banking”…

    Essentially not letting them buy/sell any stocks in the western market.

    Which unfortunately is headquartered in NYC, explaining why it’s the NY Stock Exchange.

    There are others, Europe has 5 worth over a trillion each and some others, Asia has the NICA index. But the American NYSE is worth over 25 trillion. It’s the big one.

    But trump personally would be very hard to sanction in other markets, because he’s so shady banking institutions usually won’t deal with him. It’s why he pivoted to crypto.

    He does have some money in NYSE, but that’s overseen by the SEC, and trump won’t sanction himself.

    Ironically what we’d see is tarrifs. America doesn’t make shit, and can’t afford to buy a lot of stuff now. So other big buyers can pressure the “producer countries” into marking up anything that goes in/out of America.

  • Rhynoplaz@lemmy.world
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    4 months ago

    Do you WANT World War 3? Cause that’s how you get WW3.

    For what it’s worth I’m not real fond of living in one of the villains.