Qatar’s Critique of US Sanctions and China’s Response to Canadian Tariffs

Qatar’s PM criticized unilateral US sanctions for eroding dollar dominance, promoting parallel currency markets, and harming American businesses. He claimed sanctions punish people rather than regimes. Meanwhile, China responded to Canada’s tariffs by imposing additional duties, emphasizing the need for Canada to rectify its actions, amidst rising trade tensions.

In a recent interview, Qatar’s Prime Minister and Minister of Foreign Affairs, Mohammed bin Abdulrahman Al Thani, criticized the United States for its practice of imposing unilateral sanctions, asserting that such measures would ultimately diminish the dollar’s global dominance and foster the establishment of parallel currency markets. He highlighted how the initial sanctions against Russia following the Ukraine conflict signaled a shift, predicting that nations would move away from the dollar-based monetary system in search of alternative financial options.

Al Thani expressed that unilateral sanctions prevent American companies from engaging in trade, hence denying them the opportunities that other nations might seize. He emphasized that countries under sanctions, like Iran and Venezuela, would inevitably find means to sell their goods to fulfill the essential needs of their populations.

He stated, “Qatar’s fundamental position is that we believe that unilateral sanctions are ineffective because they punish people, not a state or a regime.” Through his extensive diplomatic experience, Al Thani has not witnessed instances where sanctions successfully achieved their intended objectives.

In turn, China has reacted to recent Canadian tariffs by imposing additional duties on select Canadian goods. The Chinese Ministry of Commerce stated that Canada’s actions were discriminatory and disrupted normal trade, thereby infringing upon the legitimate rights of Chinese enterprises.

Beijing’s countermeasures were enacted under the PRC’s laws on foreign trade and tariffs, urging Canada to rectify its actions and eliminate their adverse effects. The dispute intensified following Canadian Prime Minister Justin Trudeau’s announcement in late August of heightened tariffs on electric vehicles and steel and aluminum from China, prompting a Chinese investigation into the alleged discrimination.

The statements by Qatar’s Prime Minister reflect a substantial critique of American unilateral sanctions, highlighting their ineffectiveness and their repercussions on international trade and financial systems. Concurrently, China’s response to Canada’s tariff measures illustrates the complexities of global trade relations and the potential for retaliatory actions. The interactions between these nations underscore an evolving financial landscape where countries are increasingly seeking alternatives to traditional systems dominated by the dollar.

Original Source: fakti.bg