Macro Musings with David Beckworth cover image

Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*

Macro Musings with David Beckworth

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The Cost of Financial Sanctions on China

The blowback, economic blowback from sanctions against China would be enormous. The United States is not that intertwined with the Russian economy unlike Europe. I think it depends on the scenario in which the sanctions are used. If we're talking about the US and China actively at war with one another, you know, the economic shock to the system will be enormous.

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