Comment on The one good thing about all this

• ChairmanMeow@programming.dev ⁨1⁩ ⁨week⁩ ago

  Yes, that’s not in dispute?

  If you click through on the source on commerce sanctions (which is what would apply to possible tariffable goods) then you will find that the BIS oversees that. Not the taskforce going after Russian oligarchs, who have a different set of sanctions apply to them.

  Again, there’s already a high level of tariffs on Russian trade, and they don’t have a “most favored trade nation” status anymore:

  U.S. Trade Representative Jamieson Greer told lawmakers there is “no effort to reinvigorate trade with Russia,” pushing back on Democrats who suspected Mr. Trump was cozying up to Russian President Vladimir Putin amid negotiations to reignite economic relations or end the war in Ukraine.

  President Biden signed bills and issued decrees in 2022 that sanctioned Russia and Belarus and increased tariffs on things such as steel and aluminum, minerals and chemicals.

  “They already have these high tariffs, they don’t have permanent normal trade relations,” Mr. Greer told the House Ways and Means Committee.

  source

  • HappySkullsplitter@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Financial sanctions are primarily administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS)

    source