8min chapter

Today, Explained cover image

How sanctions backfire

Today, Explained

CHAPTER

Sanctions and Sovereignty: Lessons from Venezuela

This chapter explores the impact of U.S. sanctions on Venezuela, particularly during the Trump administration, drawing parallels between isolated nations and children in timeout. It discusses the economic decline in Venezuela due to these sanctions, the lack of American awareness about their consequences, and the evolving strategies in U.S. foreign policy regarding sanctions under President Biden. The chapter also examines the implications of these policies for future U.S. relations with other nations, especially in the context of the upcoming 2024 election.

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