Qatar Critiques Unilateral US Sanctions: Implications for Dollar and Global Trade
Qatar’s Prime Minister criticizes US unilateral sanctions for weakening the dollar and asserting they only harm individuals, not regimes. Concurrently, China imposes tariffs on Canadian goods in response to perceived trade discrimination, highlighting ongoing international trade tensions.
The Prime Minister and Minister of Foreign Affairs of Qatar, Mohammed bin Abdulrahman Al Thani, has criticized the United States’ approach of imposing unilateral sanctions, asserting that such actions weaken the dollar’s global dominance and foster the establishment of parallel currency markets. In a recent interview, he recalled his early sentiments during the imposition of sanctions against Russia, emphasizing that these measures primarily create alternatives to the dollar.
Al Thani argued that US sanctions prompt countries to seek alternatives to the dollar-dominated international financial system, thereby facilitating their movement away from reliance on the dollar. He expressed concern that these sanctions hinder American businesses, preventing them from capitalizing on opportunities accessible to those in non-sanctioned countries.
He further noted that nations under sanctions, such as Iran and Venezuela, will inevitably adapt to these restrictions to fulfill their citizens’ essential needs. Emphasizing Qatar’s standpoint, he declared that unilateral sanctions are “ineffective” as they fundamentally target individuals rather than the governing regimes.
Amidst these discussions, the Chinese government has taken steps to impose additional tariffs on select goods imported from Canada, citing their actions as discriminatory measures that disrupt fair trade. The Chinese Ministry of Commerce stated that these tariffs are a necessary response to actions taken by Canada.
This punitive measure comes in the wake of Canadian Prime Minister Justin Trudeau’s announcement regarding heightened tariffs on Chinese electric vehicles, aluminum, and steel, leading China to call for corrective actions from Canada to rectify what they term as unjust restrictions.
In summary, Qatar’s foreign minister critiques unilateral US sanctions, asserting they diminish the dollar’s supremacy and are ineffective, as they ultimately penalize individuals rather than regimes. Concurrently, China’s imposition of tariffs on Canadian goods underlines ongoing tensions in international trade spurred by perceived discriminatory practices. These developments underscore the complex dynamics between national policies and global economic trends.
Original Source: fakti.bg
