Adam Smith points out the absence of a coherent U.S. industrial policy.
06/20/2018
https://congress.gov...
Humanitarian exceptions are important, I would argue, for moral reasons as well as political and strategic reasons.
I am a big believer not just in the price cap itself, but in the price cap as a part of a broader suite of measures.
We can do better, and we should try, and we have the time to do it.
We must remember that our policy with respect to these states is not to increase sanctions for sanctions sake.