Tough US sanctions packages are here to stay-whether it’s Harris or Trump

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The zealous use of the tool—a low-cost way to press the U.S.’s agenda abroad—will likely continue as a permanent feature of U.S. foreign policy, regardless of who wins this year’s presidential election. The U.S. has long leaned on its financial primacy and the dollar’s status as a reserve currency to exert worldwide influence. But Russia’s war in Ukraine led to a tectonic shift in the U.S. approach to economic coercion, with the U.S. and its allies joining in an ambitious plan to try to upend Russia’s economy and the war machine it supports. Imposing sanctions is in many ways an...