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1/ "Secondary Sanctions" - What are they, and how do they work? Since Donald Trump is floating them against Russia's trading partners, and with absolutely no expectation he won't change his mind again next week and declare Zelenskyy the real villain, I thought I'd do a (long, sorry) explainer.

He floated "secondary tariffs" not sanctions, though as usual, he probably didn't know what he was saying.

Talk about this down in the 17th post (sorry lol). Secondary sanctions when applied at a regime level are basically secondary tariffs unless you're going to get really insane with them.