DONALD TRUMP is the sort of guy who punches you in the face and if you punch him back, he says 'Let's be friends'. China punched back and he retreated. The Europeans told him how beautiful he was, but they got nothing." This is how an American official-turned-executive describes the latest twists in the Trump administration's sanctions policy, which this year has roiled business from America to Europe, Russia, China and Iran. What business leaders see, analysts say, is a punitive approach that is capricious, aggressive and at times ill-prepared. But unless companies or their governments take the fight all the way to the White House, they have little choice but to abide by the long—and sometimes wrong—arm of American law.
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