Once installed in the Government, Joe Biden’s economic and national security team will carry out the review of the sanctions policy promoted by the Donald Trump administration during his four years at the helm of the White House.
According to sources cited by Bloomberg, Biden’s team sees Trump’s approach as confusing for allies and adversaries, in addition to questioning the effectiveness of the sanctions imposed by Trump without the support of his allies around the world.
Under President Donald Trump, the United States has imposed a wide range of sanctions on companies, individuals, and even oil tankers linked to Iran, North Korea, China, Venezuela, and Russia, often unilaterally.
Despite these announcements, the appointments made by Biden do not sow much expectations about a «truce» in this policy, one that Adewale Adeyemo, who will fulfill duties as the second Treasury official, qualified as necessary to «stop the bad actors.»
According to the former National Security adviser, John Bolton, within the same Trump administration began to be evident a tirade regarding the sanctions, because Treasury Secretary Steven Mnuchin would have expressed concern that an excessive reliance on sanctions could weaken the global primacy of the dollar.
In his book «The Room Where It Happened,» published in June, Bolton wrote about Mnuchin expressing fears that other nations would stop using dollars and that the pressure on the global financial system would be too great.
