America's Dollar Power Politics

摘要

Since the end of the Second World War, the dominance of the dollar has been the clear manifestation of U.S. economic supremacy. In the dispute over the sanctions against Iran, the Trump Administration is now deliberately using the dollar as a (trade) policy weapon. By monitoring dollar transactions, the United States is able to identify companies that are circumventing the Iran embargo. They have to weigh up whether the threat of exclusion from the American market is too high a risk to take. In most cases, this deliberation leads them to succumb to American pressure and terminate contractual obligations they have undertaken with the Iranian economy.