US President-elect Donald Trump plans to use the International Economic Emergency Powers Act to implement a new tariff programme, which could include tariffs of up to 60% on Chinese goods and 25% on Canadian and Mexican imports. The move is reportedly being considered as a national emergency measure, although it has not yet been confirmed.
https://www.thenews.com.pk/print/1270090-trump-mulls-national-economic-emergency-declaration-to-allow-for-new-tariffs-reportThe US-led task force is targeting Russian officials and oligarchs with sanctions to isolate Russia internationally and pressure President Vladimir Putin to end his invasion. The effort focuses on those who have violated economic countermeasures imposed by the US and its allies, including export restrictions.
https://www.upi.com/Top_News/US/2025/01/08/DOJ-seize-sanctioned-oligarch-condos/6841736320053/The United States has eased some economic sanctions on Syria in a gesture of goodwill to its people and interim government, which took power after President Bashar al-Assad's regime fell to a rebellion in December. The move does not lift individual sanctions or allow transactions with entities involved in the military or intelligence sectors, nor with countries that supported Assad such as Iran and Russia.
https://www.upi.com/Top_News/US/2025/01/06/Syria-sanctions-eased/7321736215580/The UK government imposed sanctions on 20 tankers transporting Russian oil in December, while also announcing aid to Ukraine to repair its energy infrastructure damaged by Russian attacks. This move follows a November announcement from the US Treasury Department that added Gazprombank and dozens of other financial institutions to a list of sanctioned entities as part of G7 agreements targeting Russia.
https://www.ukrinform.net/rubric-economy/3945301-ukraines-top-diplomat-pushes-for-strengthening-russia-sanctions.htmlThe US has increasingly used its ability to monitor financial data to track transactions in real time, giving it significant power to impose sanctions on individuals, companies, and countries. Since the September 11 attacks, this tool has been used as a means of economic coercion against foes and sometimes even friends, with sanctions being imposed at will.
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