Qatar Critiques US Sanctions, Foreseeing Dollar Weakening and International Trade Tensions
Qatar’s Minister of Foreign Affairs criticized US unilateral sanctions, predicting a decline in dollar dominance and the rise of alternative currency markets. He emphasized that such sanctions harm individuals rather than regimes. Concurrently, China imposed tariffs on Canadian goods in response to perceived discriminatory trade practices, showcasing ongoing international tensions between these entities.
The United States’ practice of imposing unilateral sanctions is expected to diminish the dollar’s global dominance, as outlined by Qatar’s Minister of Foreign Affairs, Mohammed bin Abdulrahman Al Thani. He emphasized that these sanctions lead to the emergence of parallel currency markets, encouraging nations to shift away from the dollar-centric monetary system and explore alternative financial solutions.
In an interview with Tucker Carlson, Mr. Al Thani recounted his early observations regarding sanctions against Russia following the onset of the Ukraine conflict. He noted, “Sanctions would only lead to the creation of parallel markets for other currencies.” He warned that such actions could hinder American businesses by limiting their operational opportunities in the global market.
Mr. Al Thani also highlighted that countries subjected to sanctions, such as Iran and Venezuela, would ultimately devise schemes to sell their commodities, as it is essential to fulfill their citizens’ basic needs. He expressed a critical viewpoint on unilateral sanctions, stating, “Unilateral sanctions are ineffective because they punish people, not a state or a regime.” His extensive diplomatic experience has led him to conclude that sanctions rarely yield the intended outcomes.
In parallel, China has reacted to Canadian actions by instituting additional duties on selected goods from Canada. The Chinese Ministry of Commerce has labeled the measures imposed by Canada as discriminatory and damaging to fair trade practices. They stated, “The measures taken by Canada constitute discriminatory restrictions, affect the regular order of trade and infringe on the legitimate rights and interests of Chinese enterprises.”
Canada’s Prime Minister, Justin Trudeau, had previously announced plans to implement increased tariffs on electric vehicles and metals from China. Responding to these tariffs, China initiated an anti-discrimination investigation, invoking its laws on foreign trade and tariffs, urging Canada to retract these measures to mitigate adverse effects on their trade relations.
In conclusion, Qatar’s leadership critiques the effectiveness of unilateral sanctions imposed by the United States, asserting their detrimental impact on populations rather than regimes. The discussion highlights the potential for diminished dollar supremacy as countries seek alternatives. Concurrently, China’s imposition of tariffs on Canadian goods exemplifies ongoing global trade tensions, as both nations navigate the ramifications of protective trade measures. Both scenarios underline the complexities and repercussions associated with sanctions and tariffs in international relations.
Original Source: fakti.bg
