The United States has once again weaponized its tariff policy by imposing tariffs on Canada, Mexico, and China. While this strategy may seem beneficial to Washington in the short term—reducing its trade deficit and increasing fiscal revenue—it carries significant long-term risks. Using tariffs as a bargaining chip in negotiations creates tensions in the global market and disrupts supply chains. In the long run, this approach is akin to setting off a time bomb. There are no winners in a trade war.
Reference(s):
cgtn.com
