Skip to main content

U.S. Treasury

The Swiss National Bank presents the new 1,000-franc note to the press in Zurich on March 5, 2019.
The Swiss National Bank presents the new 1,000-franc note to the press in Zurich on March 5, 2019.

Trump Leaves Biden Administration a Parting Gift in Currency Wars

The Treasury’s decision to label both Switzerland and Vietnam currency manipulators was unusual—and leaves the Biden administration with some tough choices to make.

Grand Ethiopian Renaissance Dam
Grand Ethiopian Renaissance Dam

U.S. Halts Some Foreign Assistance Funding to Ethiopia Over Dam Dispute with Egypt, Sudan

Some U.S. officials fear the move will harm Washington’s relationship with Addis Ababa.

U.S. President Donald Trump and China's President Xi Jinping
U.S. President Donald Trump and China's President Xi Jinping

U.S. Slaps Sanctions on Xinjiang’s Vast Paramilitary Settler Corps

Beijing is likely to react strongly to the first targeting of high-level officials and a government body.

The construction of an Ethiopian dam on the Nile river is seen.
The construction of an Ethiopian dam on the Nile river is seen.

Trump Mulls Withholding Aid to Ethiopia Over Controversial Dam

The massive Ethiopian dam is a flash point for tensions in Africa—and is now sowing confusion and discord within the U.S. government, with many officials concerned Washington is too much in Egypt’s corner.

The symbol of the euro, the currency of the eurozone, stands illuminated in Frankfurt, Germany, on Jan. 21, 2015. (Hannelore Foerster/Getty Images)
The symbol of the euro, the currency of the eurozone, stands illuminated in Frankfurt, Germany, on Jan. 21, 2015. (Hannelore Foerster/Getty Images)

The EU’s Dirty Money Blacklist: North Korea, Syria, and… Puerto Rico?

In the latest showdown between Brussels and Washington, the U.S. Treasury Department instructed American banks to ignore new EU anti-money laundering directives.

Family members shout slogans as they wait outside the Kobar prison in north Khartoum to welcome their loved ones after Sudan released dozens of opposition activists Feb. 18 who were arrested in January when authorities cracked down on protests against rising food prices. (Ebrahim Hamid/AFP/Getty Images)
Family members shout slogans as they wait outside the Kobar prison in north Khartoum to welcome their loved ones after Sudan released dozens of opposition activists Feb. 18 who were arrested in January when authorities cracked down on protests against rising food prices. (Ebrahim Hamid/AFP/Getty Images)

Sanctions Against Sudan Didn’t Harm an Oppressive Government — They Helped It

The end of economic isolation hasn’t brought a financial windfall or more freedom. Instead, the regime is as strong as ever while ordinary people suffer.

French Economy  Minister Bruno Le Maire addresses a conference  on February 15, 2018 at the Economy Ministry in Paris.
French Economy Minister Bruno Le Maire addresses a conference on February 15, 2018 at the Economy Ministry in Paris.

OFAC Off

The European Union needs to defend its economic sovereignty from U.S. overreach. Creating its own agency for sanctions enforcement would be a start.

Angela Merkel, Emmanuel Macron, Donald Trump, and other leaders depart after posing for the group photo at the G7  summit on May 26, 2017 in Taormina, Italy.
Angela Merkel, Emmanuel Macron, Donald Trump, and other leaders depart after posing for the group photo at the G7 summit on May 26, 2017 in Taormina, Italy.

How Europe Can Block Trump

After Washington exits the Iran deal, U.S. secondary sanctions could harm European companies. EU leaders should retaliate by reviving a tool used successfully in the 1990s.

A man looks at a J-31 Gyrfalcon stealth fighter plane model designed by Aviation Industry Corporation of China at the Beijing International Aviation Expo on Sept. 17, 2015. WANG ZHAO/AFP/Getty Images
A man looks at a J-31 Gyrfalcon stealth fighter plane model designed by Aviation Industry Corporation of China at the Beijing International Aviation Expo on Sept. 17, 2015. WANG ZHAO/AFP/Getty Images

Washington Strikes Back Against Chinese Investment

A new bill moving forward on Capitol Hill would expand regulators' ability to block Chinese acquisitions — and U.S. ventures abroad.

The State Department headquarters in Washington on Sept. 12, 2012.
The State Department headquarters in Washington on Sept. 12, 2012.
GettyImages-671241444
GettyImages-671241444

The Lights Are on at the Committee on Foreign Investment in the United States, but Nobody Is Home

The committee charged with protecting national security from risky foreign investments is understaffed and besieged by a surge in cases.

trump russia
trump russia

Trump’s Renewed Russia Sanctions Look A Lot Like Obama’s

New measures target Russian officials and a martial arts training firm linked to a pro-Putin biker gang.

GettyImages-624191984
GettyImages-624191984

Trump Treasury Nominees Aren’t Partial To IMF Bailouts

That doesn’t bode well for Greece, which appears to be hurtling toward another default.

Russian President Vladimir Putin (R) holds a glass of champagne during a ceremony at the Mariinsky Theatre, as part of his visit to Saint Petersburg on December 2, 2016.  / AFP / SPUTNIK / Mikhail KLIMENTIEV        (Photo credit should read MIKHAIL KLIMENTIEV/AFP/Getty Images)
Russian President Vladimir Putin (R) holds a glass of champagne during a ceremony at the Mariinsky Theatre, as part of his visit to Saint Petersburg on December 2, 2016. / AFP / SPUTNIK / Mikhail KLIMENTIEV (Photo credit should read MIKHAIL KLIMENTIEV/AFP/Getty Images)
gettyimages-603214976
gettyimages-603214976

Main Street Champion Trump Turns to Wall Street to Fill Treasury Post

Trump is reportedly considering two Wall Street insiders for the top job at Treasury.

GettyImages-466703266
GettyImages-466703266

U.S. Treasury Hits Russia With More Sanctions Over Ukraine

The new penalties come as Russian troops conduct military drills on the border with Ukraine.

GettyImages-84081969
GettyImages-84081969

The U.S. Slaps Joseph Kony’s Kids With New Financial Sanctions

The infamous LRA warlord and his sons still have not been caught.

GettyImages-188101143
GettyImages-188101143

The Puerto Rico Rescue Is Going to Be a Tough Sell To Opponents

The House and White House now have to win over those opposed to providing Puerto Rico debt relief.

GettyImages-510507904
GettyImages-510507904
US Secret Service Uniform Division officers walk in the door near the seal on the US Treasury building August 9, 2011, in Washington, DC.    AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)
US Secret Service Uniform Division officers walk in the door near the seal on the US Treasury building August 9, 2011, in Washington, DC. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)

Top Treasury Official Warns Against Over-Reliance on Sanctions

Though the Obama administration has often resorted to financial sanctions to coerce foreign adversaries into better behavior, a top Treasury official warned Friday that overusing the measures risks damaging the long-term vitality of the U.S. economy and the economies of friendly nations.

Load 10 More Articles
Loading graphics

Welcome to a world of insight.

Explore the benefits of your FP subscription.

Stay updated on the topics you care about with email alerts. Sign up below.

Choose a few newsletters that interest you.

Here are some we think you might like.

  • Morning Brief thumbnail
  • Africa Brief thumbnail
  • Latin America Brief thumbnail
  • China Brief thumbnail
  • South Asia Brief thumbnail
  • Situation Report thumbnail

Keep up with the world without stopping yours.

Download the FP mobile app to read anytime, anywhere.

Download on the App Store
  • Read the magazine
  • Save articles (and read offline)
  • Customize your feed
  • Listen to FP podcasts
Download on the Apple App Store
Download on the Google Play Store

Analyze the world’s biggest events.

Join in-depth conversations and interact with foreign-policy experts with