Trump vows to reduce reliance on sanctions
Republican presidential nominee Donald Trump has stated that economic restrictions imposed by the US on various countries are weakening the dollar. Read Full Article at RT.com.
TroibNews 
Republican presidential nominee Donald Trump has pledged to significantly curtail the use of US sanctions if he is elected in November.
Speaking at the Economic Club of New York on Thursday, Trump was questioned about whether he would "strengthen or modify" the economic sanctions the US has imposed on Russia and other nations.
"I want to use sanctions as little as possible,” he said, noting that there is “a problem” with the US's heavy reliance on such measures because “ultimately it kills your dollar and it kills everything the dollar represents.”
Trump emphasized the necessity of maintaining the dollar's role as the global reserve currency.
"If we lost the dollar as the world currency, I think that would be the equivalent of losing a war, that would make us a third world country. And we cannot let it happen," he stated.
During his presidency from 2017 to 2021, Trump admitted to frequently using sanctions on countries like Russia, Iran, and North Korea.
“I use sanctions very powerfully against countries that deserve it. And then I take them off because, look, you are losing Iran, you are losing Russia. China is out there trying to get their currency to be the dominant currency… all of these things are happening,” Trump explained.
Meanwhile, Russian President Vladimir Putin remarked that “no other [US] president has ever imposed so many restrictions and sanctions against Russia” as Trump.
Putin also commented on Democratic presidential nominee Kamala Harris, noting she has “a very contagious laugh, which shows that everything is fine for her... but if everything is so great for Ms Harris, maybe she would refrain from acting this way [if she wins the election]?”
The US, along with its allies, has implemented around 22,000 sanctions on Moscow since 2014, a number that increased dramatically after Russia's military operation against Ukraine began in February 2022. Russian officials have denounced these sanctions, retaliating with travel restrictions on Western officials, among other measures.
A July report by the Washington Post indicated that about a third of the world's nations, including 60% of low-income countries, are under some form of US sanctions, leading to operational difficulties at the Office of Foreign Assets Control due to the vast and intricate nature of these sanctions.
James del Carmen for TROIB News
Speaking at the Economic Club of New York on Thursday, Trump was questioned about whether he would "strengthen or modify" the economic sanctions the US has imposed on Russia and other nations.
"I want to use sanctions as little as possible,” he said, noting that there is “a problem” with the US's heavy reliance on such measures because “ultimately it kills your dollar and it kills everything the dollar represents.”
Trump emphasized the necessity of maintaining the dollar's role as the global reserve currency.
"If we lost the dollar as the world currency, I think that would be the equivalent of losing a war, that would make us a third world country. And we cannot let it happen," he stated.
During his presidency from 2017 to 2021, Trump admitted to frequently using sanctions on countries like Russia, Iran, and North Korea.
“I use sanctions very powerfully against countries that deserve it. And then I take them off because, look, you are losing Iran, you are losing Russia. China is out there trying to get their currency to be the dominant currency… all of these things are happening,” Trump explained.
Meanwhile, Russian President Vladimir Putin remarked that “no other [US] president has ever imposed so many restrictions and sanctions against Russia” as Trump.
Putin also commented on Democratic presidential nominee Kamala Harris, noting she has “a very contagious laugh, which shows that everything is fine for her... but if everything is so great for Ms Harris, maybe she would refrain from acting this way [if she wins the election]?”
The US, along with its allies, has implemented around 22,000 sanctions on Moscow since 2014, a number that increased dramatically after Russia's military operation against Ukraine began in February 2022. Russian officials have denounced these sanctions, retaliating with travel restrictions on Western officials, among other measures.
A July report by the Washington Post indicated that about a third of the world's nations, including 60% of low-income countries, are under some form of US sanctions, leading to operational difficulties at the Office of Foreign Assets Control due to the vast and intricate nature of these sanctions.
James del Carmen for TROIB News
