Glaring inconsistency of USA Embargo Policy
Jul 10, 2023 10:00:36 GMT -5
Post by Radrook Admin on Jul 10, 2023 10:00:36 GMT -5
Glaring inconsistency of USA Embargo Policy
Much mocking criticism is being directed on just how badly Venezuela is fairing economically under its undemocratic government. As if the government itself were the primary culprit for the misery suffered by its citizens. Interestingly, no mention is made about the effect that the USA economic embargo has on this nation.
Well, below is an intended clarification of this issue which focuses on the inherent hypocrisy involved in this embargo. Please give it a read.
The USA claims that the economic embargo against Venezuela is intended to topple a type of government that it disapproves of because it is detrimental to the citizens, and so must be replaced by a democracy. Now, historically, this is nothing unusual. It is the identical policy that is in effect against Communist Cuba, and the same one that was instituted against Nicaragua during its Contra regime.
The United States maintains a comprehensive economic embargo on the Republic of Cuba. In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the Cuban Government, and directed the Departments of Commerce and the Treasury to implement the embargo, which remains in place today.
www.state.gov/cuba-sanctions/
In short, if any nation refuses to behave the way that the USA demands in Americas hemisphere, it will suffer the negative consequences. Of course, this policy failed in its intentions against Cuba, since Cuba has firmly remained firmly communist despite the challenges that the embargo has imposed.
Now it seems that the same scenario is going to repeat in reference to Venezuela. In this case, the embargo has also opened the way for China to gain a firm economic foothold in the Americas by providing Venezuela with aid in return for petroleum.
www.unaa.org.au/2021/10/01/us-sanctions-in-venezuela/
Interestingly, the USA maintained and still maintains a brisk business with non-Latin American communist countries such as China, North Korea, as it did with the the former Communist Russia, and as it does with the present communist Vietnam.
Summary
In 2022, both U.S. exports to China and imports from China continued to grow for a third year in a row. U.S.
exports totaled $153.8 billion, an increase of 1.6% ($2.4 billion) from 2021;
U.S. imports from China totaled
$536.8 billion, an increase of 6.3% ($31.8 billion); and the trade deficit with China was $382.9 billion, an increase of 8.3% of ($29.4 billion).
In 2022, 7.5% of total U.S. exports of $2.1 trillion to the World were exported to China, 16.5% of total U.S. imports of $3.2 trillion were imported from China, and 32.4% of total U.S. trade deficit was with China.
Mechanical Appliances, Sound Recorders and TV sets are the most traded commodity sectors. In 2022, after four consecutive years of increases, U.S. exports of those commodities decreased by 14.3% ($5.2 billion) from
$36.1 billion in 2021 to $30.9 billion. U.S. imports slightly increased by 3.0% ($7.3 billion) from $241.6 billion in 2021 to $248.9 billion, constituting 26.8% of total U.S. imports of those commodities.
In 2022, U.S Exports of Agricultural Products to China continued to grow for the fourth year in a row, increasing by 12.4% ($3.9 billion) from $31.6 billion in 2021 to $35.5 billion, constituting 18.4% of total U.S.
exports of Agricultural Products.
In 2022, China remained a major source of U.S. imports of Textile Products. U.S. imports increased by 6.7%
($3.4 billion) from $50.3 billion in 2021 to $53.7 billion, constituting 29.7% of the total U.S. imports of those commodities.
Additionally, in 2022, China remained a major source of U.S. imports of Furniture, Bedding, Lamps, Toys, Games, Sports Equipment, Paint, and other Miscellaneous Manufactured Items. U.S. Imports slightly increased by 1.3% ($0.9 billion) from $68.5 billion in 2021 to $69.4 billion, constituting 50.7% of total U.S. imports of those commodities.
In 2022, U.S. exports to China shipped under a BIS license exception authorization totaled $318.2 million, a decrease of 2.3% ($7.5 million) from $325.7 million in 2021, continuing a downward trend. This is the result of
removing of Civil End User (CIV) program effective on June 29, 2020.
In 2022, license applications for China counted 13.0% of the worldwide total by license count.
In 2022, for tangible items, software, and technology, excluding deemed exports, BIS reviewed 4,553 export/reexport license applications valued at $204.8 billion for China. BIS approved 3,249 applications (71.4% of the
total applications) for $113.6 billion, RWA totaled 980 for $25.4 billion. There were 324 denials valued at $65.8 billion.
In 2022, BIS received 511 applications for deemed export from Chinese nationals, 35.0% of 1,462 total applications. BIS approved 479. There were 32 RWA and no denials.
In 2022, the top approved ECCNs for China, including ECCN for deemed exports, were 2B350 for Chemical Manufacturing Facilities and Equipment with 420 approvals, followed by 3E002 “Technology” with 379 approvals and 3E001 for “Technology” with 362 approvals.
In 2022, the average processing time for China was 79 calendar days.
www.bis.doc.gov/index.php/country-papers/3268-2022-statistical-analysis-of-u-s-trade-with-china/file
www.state.gov/u-s-relations-with-vietnam/
Also, notice that the USA economic beef with communist North Korea isn't based on its communist form of government. Instead, it is based on its nuclear missile proliferation policies. Otherwise, the USA would be doing a brisk business with communist North Korea just as it unashamedly does with communist China and communist Nam despite their communist governments
So it isn't communism per se that ruffles the USA feathers as it claims.
Well, below is an intended clarification of this issue which focuses on the inherent hypocrisy involved in this embargo. Please give it a read.
The USA claims that the economic embargo against Venezuela is intended to topple a type of government that it disapproves of because it is detrimental to the citizens, and so must be replaced by a democracy. Now, historically, this is nothing unusual. It is the identical policy that is in effect against Communist Cuba, and the same one that was instituted against Nicaragua during its Contra regime.
USA Embargo against Nicaragua
en.wikipedia.org/wiki/United_States_embargo_against_Nicaragua The United States embargo against Nicaragua was declared by then-U.S. President Ronald Reagan on May 1, 1985, and prohibited all trade between the U.S. and Nicaragua. In a strategy similar to the embargo against Cuba, it was intended to undermine the Sandinista government which came to power in 1979.
Embargo against Cuba
The United States maintains a comprehensive economic embargo on the Republic of Cuba. In February 1962, President John F. Kennedy proclaimed an embargo on trade between the United States and Cuba, in response to certain actions taken by the Cuban Government, and directed the Departments of Commerce and the Treasury to implement the embargo, which remains in place today.
www.state.gov/cuba-sanctions/
In short, if any nation refuses to behave the way that the USA demands in Americas hemisphere, it will suffer the negative consequences. Of course, this policy failed in its intentions against Cuba, since Cuba has firmly remained firmly communist despite the challenges that the embargo has imposed.
Now it seems that the same scenario is going to repeat in reference to Venezuela. In this case, the embargo has also opened the way for China to gain a firm economic foothold in the Americas by providing Venezuela with aid in return for petroleum.
www.unaa.org.au/2021/10/01/us-sanctions-in-venezuela/
Interestingly, the USA maintained and still maintains a brisk business with non-Latin American communist countries such as China, North Korea, as it did with the the former Communist Russia, and as it does with the present communist Vietnam.
U.S. Trade with Communist China
2022Summary
In 2022, both U.S. exports to China and imports from China continued to grow for a third year in a row. U.S.
exports totaled $153.8 billion, an increase of 1.6% ($2.4 billion) from 2021;
U.S. imports from China totaled
$536.8 billion, an increase of 6.3% ($31.8 billion); and the trade deficit with China was $382.9 billion, an increase of 8.3% of ($29.4 billion).
In 2022, 7.5% of total U.S. exports of $2.1 trillion to the World were exported to China, 16.5% of total U.S. imports of $3.2 trillion were imported from China, and 32.4% of total U.S. trade deficit was with China.
Mechanical Appliances, Sound Recorders and TV sets are the most traded commodity sectors. In 2022, after four consecutive years of increases, U.S. exports of those commodities decreased by 14.3% ($5.2 billion) from
$36.1 billion in 2021 to $30.9 billion. U.S. imports slightly increased by 3.0% ($7.3 billion) from $241.6 billion in 2021 to $248.9 billion, constituting 26.8% of total U.S. imports of those commodities.
In 2022, U.S Exports of Agricultural Products to China continued to grow for the fourth year in a row, increasing by 12.4% ($3.9 billion) from $31.6 billion in 2021 to $35.5 billion, constituting 18.4% of total U.S.
exports of Agricultural Products.
In 2022, China remained a major source of U.S. imports of Textile Products. U.S. imports increased by 6.7%
($3.4 billion) from $50.3 billion in 2021 to $53.7 billion, constituting 29.7% of the total U.S. imports of those commodities.
Additionally, in 2022, China remained a major source of U.S. imports of Furniture, Bedding, Lamps, Toys, Games, Sports Equipment, Paint, and other Miscellaneous Manufactured Items. U.S. Imports slightly increased by 1.3% ($0.9 billion) from $68.5 billion in 2021 to $69.4 billion, constituting 50.7% of total U.S. imports of those commodities.
In 2022, U.S. exports to China shipped under a BIS license exception authorization totaled $318.2 million, a decrease of 2.3% ($7.5 million) from $325.7 million in 2021, continuing a downward trend. This is the result of
removing of Civil End User (CIV) program effective on June 29, 2020.
In 2022, license applications for China counted 13.0% of the worldwide total by license count.
In 2022, for tangible items, software, and technology, excluding deemed exports, BIS reviewed 4,553 export/reexport license applications valued at $204.8 billion for China. BIS approved 3,249 applications (71.4% of the
total applications) for $113.6 billion, RWA totaled 980 for $25.4 billion. There were 324 denials valued at $65.8 billion.
In 2022, BIS received 511 applications for deemed export from Chinese nationals, 35.0% of 1,462 total applications. BIS approved 479. There were 32 RWA and no denials.
In 2022, the top approved ECCNs for China, including ECCN for deemed exports, were 2B350 for Chemical Manufacturing Facilities and Equipment with 420 approvals, followed by 3E002 “Technology” with 379 approvals and 3E001 for “Technology” with 362 approvals.
In 2022, the average processing time for China was 79 calendar days.
www.bis.doc.gov/index.php/country-papers/3268-2022-statistical-analysis-of-u-s-trade-with-china/file
USA trade with Communist Viet Nam
Twenty-seven years after the establishment of bilateral relations in 1995, the United States and Vietnam are trusted partners with a friendship grounded in mutual respect. U.S.-Vietnam relations have become increasingly cooperative and comprehensive, evolving into a flourishing partnership that spans political, economic, security, and people-to-people ties.www.state.gov/u-s-relations-with-vietnam/
Also, notice that the USA economic beef with communist North Korea isn't based on its communist form of government. Instead, it is based on its nuclear missile proliferation policies. Otherwise, the USA would be doing a brisk business with communist North Korea just as it unashamedly does with communist China and communist Nam despite their communist governments
So it isn't communism per se that ruffles the USA feathers as it claims.