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economic war

Washington Slaps Tariffs On 60 Nations Citing ‘Forced Labor’

July 25, 2026 News Desk, The Cradle. , , ,
The White House will impose tariffs of 10 to 12.5 percent on imports from 60 countries accounting for 99 percent of all US imports, claiming these nations have “inadequately” enforced bans on goods produced by forced labor. The levies take effect as temporary 10 percent worldwide tariffs expire, and are imposed under Section 301 of the Trade Act of 1974, which US President Donald Trump turned to after the Supreme Court struck down the tariffs he imposed under emergency economic powers and forced his administration to refund importers.

Diplomatic Protection: An Underutilized Tool To Counter Economic Warfare

May 1, 2026 Alfred de Zayas, Covert Action Magazine. , , ,
In the light of the proliferation of unilateral coercive measures (UCMs, wrongly characterized “sanctions”) and the adverse human rights impacts they generate worldwide,[1] the question arises what measures States should adopt to counter the UCM plague. Diplomatic protection on behalf of individuals and corporations harmed by UCMs is an under-utilized foreign policy tool that can be exercised through formal protest, retorsion, counter-measures, arbitration, adjudication before international tribunals, declaring the Ambassador of the imposing State persona non grata, expelling diplomats.

Iran v. US Imperialism: Interview With Navid Farnia And Nina Farnia

February 11, 2026 Navid Farnia and Nina Farnia, Black Agenda Report. , , ,
The protests in Iran began following a severe drop in the value of the national currency, the rial, of somewhere between 30 and 40 percent.  This was caused by sanctions and intentional currency manipulation on the part of US and European-led actors. In fact, US Treasury Secretary Scott Bessent announced at Davos the “economic statecraft” policy that the US has deployed against Iran, which includes currency manipulation. Following the drop in the rial’s value, merchants and shopkeepers, numbering in the low thousands, protested. 

Strangulation, Not Invasion: Trump’s Plan For Venezuela

December 31, 2025 Michelle Ellner, People's World. , , ,
The loudest question in Washington right now is whether Donald Trump is going to invade Venezuela. The quieter, and far more dangerous, reality is this: He probably won’t. Not because he cares about Venezuelan lives, but because he has found a strategy that is cheaper, less politically risky at home, and infinitely more devastating: economic warfare. Venezuela has already survived years of economic warfare. Despite two decades of sweeping U.S. sanctions designed to strangle its economy, the country has found ways to adapt: Oil has moved through alternative markets; communities have developed survival strategies; people have endured shortages and hardship with creativity and resilience.

First International Day Against Unilateral Coercive Measures

December 4, 2025 Jill Clark-Gollub and Margaret Flowers, Popular Resistance. , , ,
In June of 2025, the United Nations General Assembly designated December 4 as the annual International Day against Unilateral Coercive Measures, urging States to stop using such measures (commonly called “sanctions”) because they violate international law and impose collective punishment. Last night, the SanctionsKill campaign and partners honored the day by inviting speakers to discuss the impact of these measures on children in four countries during a webinar called “Blockades and Coercive Measures: Stop the War on Children!”

They Are Making Venezuela’s Economy Scream

May 2, 2025 Vijay Prashad, Tricontinental Institute for Social Research. , , ,
Before 2017, Venezuela relied on its oil revenue for 95% of its export earnings. Moreover, oil revenue has been critical for financing the government’s progressive social agenda. This loss has caused inflation in Venezuela to soar: according to official Central Bank of Venezuela numbers from 2019, the highest inter-annual inflation rate was 344,510%, meaning prices increased by a factor of 3,400 in a single year. This is an unimaginable disaster for any country and an enormous strain on the population. While Venezuela has been under attack by the US government and its allies since Hugo Chávez’s first election in 1998, Trump’s 2017 Executive Order 13808 set off a new wave of financial sanctions that denied Venezuela access to international credit markets, severely undermining its ability to sell oil abroad.

Whether Biden Or Trump, US’ Latin American Policy Will Be Contemptible

January 30, 2025 John Perry and Roger D. Harris, Popular Resistance. , , , , , ,
With Donald Trump as the new US president, pundits are speculating about how US policy towards Latin America might change. In this article, we look at some of the speculation, then address three specific instances of how the US’s policy priorities may be viewed from a progressive, Latin American perspective. This leads us to a wider argument: that the way these issues are dealt with is symptomatic of Washington’s paramount objective of sustaining the US’s hegemonic position. In this overriding preoccupation, its policy towards Latin America is only one element, of course, but always of significance because the US hegemon still treats the region as its “backyard.”

Ukraine – Doubling Down

April 30, 2022 Moon of Alabama. , , ,
According to the daily reports of Russia's Ministry of Defense the Ukraine is losing several hundred soldiers and some 30 armored vehicles per day, most of them to artillery. A flood of gruel pictures posted on Telegram by both sides confirm this. Several Ukrainian attempts to counterattack Russian forces have failed. 'Western' propagandists are noting that their side is losing. The typical U.S. reaction to losing is to double down. As Michael Hudson explains (vid), the economic consequences of this war will be catastrophic for many countries and people. But the neocons who are running the war do not care about those. They have a plan to profit from it. They want to stay the unipolar power of the globe. To them it is a game and their main motives include an ingrained hatred towards Russia.

Stop US Sanctions: ‘You Don’t Feel Them, But They Are Killing Our People’

September 26, 2021 Margaret Flowers, Popular Resistance. , , ,
This month, the Sanctions Kill coalition (Popular Resistance is a member) released its report: "The Impact and Consequences of US Sanctions." The 35-page report was written in response to the Biden administration's January call for a review of the US sanctions to determine if they 'unduly hinder' the ability of targeted nations to address the COVID-19 pandemic. To date, there is no word on whether that review has been conducted, but given that the State Department and Treasury are tasked with conducting it, the same institutions that impose sanctions, the Sanctions Kill coalition had no confidence their report would challenge the US' current foreign policy path of escalating economic war on 39 countries, or a third of the world population.

Peace Delegation Visits Nicaragua To Explore Impact Of US Sanctions

March 15, 2021 Margaret Flowers, Popular Resistance. , ,
For the next two weeks, I am in Nicaragua on the first delegation organized by the Sanctions Kill coalition and the Friends of the ATC (Asociacion de Trabajadores del Campo - Association of Rural Workers) to study the impact of sanctions imposed by the United States on Nicaragua and learn about the Sandinista Revolution. The ATC is a member of the global movement of peasant workers, Via Campesina, that was born in Nicaragua. The NICA Act, passed by the US Congress in 2018, is the beginning of the US' economic war on Nicaragua after the US-backed coup attempt against the democratically-elected President Danial Ortega failed earlier that year. Learn more about the sanctions being imposed by the United States on 39 countries representing a third of the world's population using the new Sanctions Kill toolkit.

China, Iran, And North Korea Seek Support At The UN Against Unilateral Force

March 13, 2021 Michelle Nichols, Reuters. , , ,
New York City - China, Russia, North Korea, Iran and others are seeking support for a coalition to defend the United Nations Charter by pushing back against the use or threat of force and unilateral sanctions, according to a letter seen by Reuters on Thursday. The move by 16 countries and the Palestinians to create such a group comes as U.S. President Joe Biden’s new administration boosts its multilateral engagement and with allies, reversing former President Donald Trump’s favored unilateral approach as he focused on an “America First” policy. Biden has also pledged to take on China at the United Nations, where Beijing has been pushing for greater global influence in a challenge to traditional U.S. leadership.

The US Is Starving Venezuelans In the Name Of Democracy

March 9, 2021 Daniel Larison, Medium. , , ,
The Biden administration granted Temporary Protected Status to refugees from Venezuela, which will permit them to live and work in the United States. This is the right thing to do, and it is a break with the previous administration, but there need to be more significant changes to U.S. policy towards Venezuela. The TPS decision is treating the symptom of Venezuela’s deepening crisis while U.S. sanctions intensify it. As long as our government’s broad sanctions remain in place, they will exacerbate the economic and humanitarian crises in the country. The U.S. will succeed only in making conditions for ordinary Venezuelans worse while Maduro and his allies become more firmly entrenched. Trump’s pursuit of regime change in Venezuela was one of his worst policies, and it has deepened the misery of the Venezuelan people. It is maddening that the complete failure of this policy hasn’t prompted more demands for abandoning it.

Take Action To End The Economic War At Home And Abroad

February 1, 2021 Margaret Flowers, Popular Resistance. , , ,
It is the same neoliberal economic system, white supremacy and disregard for human life that underlie sanctions abroad and at home. The current recession and pandemic have exposed this in a brutal way in the United States. The populations that are harmed the most are Indigenous peoples and communities of color. The United States government could have taken the effective steps of cancelling rent and debt, providing a monthly income and nationalizing healthcare that other countries took but instead passed laws that funneled wealth to the top while providing minimal relief to the majority.

The Impact Of The Economic War On Venezuela

July 9, 2020 By Pasqualina Curcio, Resumen English. , , ,
It would be impossible to count each and every one of the ways in which the war on Venezuela declared by imperialism has harmed the country.  The aggressions that we, the Venezuelans, have experienced since 1999 have been not only economic; they have been psychological as well.  There is no way to measure the consequences of the hate planted by the anti-democratic opposition, with its anti-socialist propaganda; it has extended to the point of burning people alive for being Chavistas.  The outrage felt by the Venezuelan people when they see those who have sold out their native land while calling themselves Venezuelan is also immeasurable. Having said all that, but focusing on the economic effects, we have brought up to date the calculations made in March 2019.  Up to that point the economic war had caused losses that totaled $125,000,000,000. (125 billion dollars.)

US ‘Plunders’ $342 Million Of Venezuelan Funds

April 21, 2020 Paul Dobson, Venezuelanalysis. , , ,
Venezuela’s Central Bank (BCV) has accused the Trump administration of “vulgar plundering” after US $342 million was to be transferred out of its US-based Citibank account. The transfer to the US government’s Federal Reserve was “approved” by Venezuela’s parallel parliament on Wednesday, which “requested” that the US Treasury Department’s Office of Foreign Assets Control (OFAC) authorise the transaction. At the same session, the grouping led by self-declared “Interim President” Juan Guaido approved an unspecified “special budget” for “the liberation of Venezuela.” Economist and Deputy Jose Guerra – who voted “remotely” from an undisclosed location abroad – wrote on Twitter that the funds originated from gold-for-cash swap deals carried out between the BCV and Citibank between 2013 and 2015.
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