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    Tillerson: US-Imposed Sanctions Harm American Businesses

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    Secretary of State nominee Rex Tillerson said Washington's sanctions are harmful to the US economy.

    WASHINGTON (Sputnik) — Sanctions introduced by the United States end up harming US businesses, Secretary of State nominee Rex Tillerson testified during his confirmation hearing at the US Senate Foreign Relations Committee on Wednesday.

    "I think it is important to acknowledge that when sanctions are imposed they by their design are going to harm American business," Tillerson stated.

    The nominee added, however, that sanctions are "a powerful tool," if they are designed well, also noting he has never personally lobbied against sanctions.

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