Seems like that is the default course of action when one country is doing a “bad” thing that the US or Europe doesn’t like.
I’ll admit that I don’t really know how that works, or how it’s enforced, or whatever. But could the EU and/or Canada or even China impose sanctions on the US now since the US is doing, um, very bad things?
They almost always mean “economic sanctions”.
Cutting them off from “western banking”…
Essentially not letting them buy/sell any stocks in the western market.
Which unfortunately is headquartered in NYC, explaining why it’s the NY Stock Exchange.
There are others, Europe has 5 worth over a trillion each and some others, Asia has the NICA index. But the American NYSE is worth over 25 trillion. It’s the big one.
But trump personally would be very hard to sanction in other markets, because he’s so shady banking institutions usually won’t deal with him. It’s why he pivoted to crypto.
He does have some money in NYSE, but that’s overseen by the SEC, and trump won’t sanction himself.
Ironically what we’d see is tarrifs. America doesn’t make shit, and can’t afford to buy a lot of stuff now. So other big buyers can pressure the “producer countries” into marking up anything that goes in/out of America.