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?

  • UnspecificGravity@piefed.socialEnglish
    24·
    17 days ago

    They sure can, but its unlikely to achieve very much. Now, if a whole bunch of countries got together to do it AND they were willing to endure the enormous financial cost that comes with it, that might actually do something.

  • marcos@lemmy.world
    10·
    17 days 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.

  • Rhynoplaz@lemmy.world
    8·
    17 days 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.

  • givesomefucks@lemmy.worldEnglish
    8·
    17 days 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.

  • Fizz@lemmy.nz
    5·
    16 days ago

    Effectively no. China could stop selling to the US but it really needs the demand to fuel its growth and they dont really care about US actions around the world since they directly benefit from people souring on the US.

    Countries dont so things for moral reasons and its in no countries interest to sanction the US over fucking maduro.