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by TapWaterBandit
691 days ago
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> Given a choice between an embargo by the US or embargo by the rest of the world, cuba and every country in the world would choose 'the rest of the world'. No way is this true. Look at this list of countries by biggest trade partners (import & export) https://en.wikipedia.org/wiki/List_of_countries_by_leading_t.... You really think countries will willing choose to trade with the USA over the rest of the world when it isn't the biggest destination for their exports nor their major source of imports? Why would they do that exactly? |
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Yes, any day. Because US embargos prevent you from trading in USD, which is pretty much the de facto currency for any trade due to its stability and backing.
Also, even if you manage to settle your trade in say EUR, you now have to trade without using any US intermediary. Nothing related to this trade can involve a US bank, payment system, legal firm, etc.
A US embargo is pretty much the worst thing that can happen to a country. Only if your country has already strong ties to the middle east, Russia or China can you hope to do any sort of export.