The Losers From U.S. Sanctions: AMERICAN Businesses

Thursday, July 17, 2014
By Paul Martin

WashingtonsBlog.com
July 17, 2014

U.S. Sanctions Against Foreign Nations Are Hurting American Companies

Who are the losers from U.S. sanctions? American companies.

Two giant U.S. business groups – the U.S. Chamber of Commerce and National Association of Manufacturers – ran ads in the New York Times, Wall Street Journal and Washington Post protesting sanctions against Russia. These are not do-good political groups … they are conservative, hard-nosed pro-business groups.

The New York Times reports today:

American business groups have objected to unilateral sanctions, arguing that they would only hurt domestic businesses while their European competitors swooped in.

The National Association of Manufacturers said it “is disappointed that the U.S. is fundamentally extending sanctions in increasingly unilateral ways that will undermine U.S. commercial engagement and reduce the effectiveness of the measures imposed.”

The Rest…HERE

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