Sat Sep 07 08:32:13 UTC 2024: ## Trump Vows to Drastically Reduce US Sanctions if Elected
**New York, NY** – Republican presidential nominee Donald Trump has promised to significantly reduce the use of economic sanctions by the US if he wins the election in November. During a speech at the Economic Club of New York, Trump expressed concerns about the current reliance on sanctions, arguing they ultimately harm the dollar and threaten its status as the world’s reserve currency.
“I want to use sanctions as little as possible,” Trump stated, emphasizing that “it’s important” for the dollar to maintain its global dominance. He warned that losing the dollar’s position as the primary international currency would be akin to losing a war, effectively turning the US into a third-world country.
While acknowledging his own use of sanctions against Russia, Iran, and North Korea during his previous presidency, Trump suggested that their effectiveness is waning. He claimed that the US is losing ground to countries like China, which are actively promoting their own currencies as alternatives.
Trump’s remarks come amidst a backdrop of record-breaking sanctions imposed by the US on Russia following the conflict in Ukraine. According to a report by The Washington Post, a third of the world’s nations, including 60% of low-income countries, are currently facing some form of US sanctions. The article also pointed to chaos within the Office of Foreign Assets Control (OFAC), overwhelmed by the sheer volume of economic penalties it is tasked with managing.
Russia has consistently condemned US sanctions as illegal, retaliating with travel bans on Western officials and other countermeasures.
The upcoming US presidential election is expected to see a renewed focus on foreign policy, particularly regarding the use of sanctions. Trump’s stance on significantly reducing their use represents a sharp departure from the current administration’s approach and could have far-reaching consequences for US relations with other countries.
First Piper 