Peter Harrell

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A view of Gazprom Neft's oil refinery in Omsk, Russia, November 2022. Alexey Malgavko / Reuters

Over the past decade, economic sanctions emerged as Washington’s preferred policy tool to deal with a range of concerns, from adversarial governments in Iran and Venezuela to international drug trafficking. Sanctions became popular because officials saw them as a low-cost tool that could hurt the United States’ foes. The 2015 Iran nuclear deal, which Iran agreed to after years of devastating sanctions, seemed to vindicate policymakers’ view that sanctions could force adversaries into strategic concessions. Under U.S. President Donald Trump, renewed sanctions against Iran and sanctions targeting Venezuela were widely seen as effective in debilitating those countries’ economies.

Against this backdrop, when Russian President Vladimir Putin launched an invasion of Ukraine in February 2022, the Western response was immediate: the United States and its allies slammed Russia with a raft of sanctions and other economic restrictions.…  Seguir leyendo »

Being an Open and Democratic Country Does Not Mean Being a Sucker

There’s growing momentum in Congress to ban TikTok, the social media app owned by the Chinese company ByteDance, for reasons of national security. Last week, the White House expressed support for a bipartisan bill in the Senate that would give President Biden the power to ban the app, and the White House is also reportedly pressing ByteDance to sell the company.

The security concern is not that we’ll be corrupted by goofy videos but rather that the Chinese government could use the TikTok apps installed on millions of American phones as a form of spyware — collecting sensitive data and personal information, including where we go and what we do.…  Seguir leyendo »

China’s recent threat to impose sanctions on U.S. defense companies that sell arms to Taiwan should come as no surprise to American officials or corporate executives: Washington has been issuing sanctions of these sorts for years. It was only a matter of time before U.S. competitors started copying its tactics.

Regardless of whether China follows through on its threat, Washington needs to be ready for a new normal in which the United States must defend against sanctions as well as impose them.

China is taking a page from the sanctions playbook Washington developed against Iran. Between 2010 and 2015, the United States effectively gave companies a choice: If they did prohibited business with Iran, like buying oil, they would get cut off from doing any business in the United States.…  Seguir leyendo »