Report: Biden is rethinking the price of economic warfare

Source: Responsible Statecraft
by Beatrix Geaghan-Breiner

“According to new reporting by the Wall Street Journal, the Biden administration aims to overhaul the use of punitive sanctions. Officials say that the administration wants to avoid broad-based sanctions, lessen humanitarian impacts, and work with allies instead of unilaterally. Bottom line: reverse Trump’s predilection for ‘maximum pressure’ through economic warfare. Plans for this new strategy come as the administration finalizes a broader review of U.S. sanctions policy, for which Treasury officials consulted with think tanks, NGOs, banks, and human rights organizations to reassess economic statecraft and devise ways to ‘promote a warranted, strategic, and judicious use of sanctions.'” (07/07/21)