The United States has once again weaponized its tariff policy by imposing tariffs on Canada, Mexico, and the Chinese mainland. Ostensibly, these tariffs aim to benefit Washington by reducing its trade deficit with these regions and increasing fiscal revenue. They might also be used as a bargaining chip in negotiations. However, in the long run, by creating tensions in the global market and disrupting supply chains, such actions are akin to setting off a time bomb. Experts warn that there are no winners in a trade war, and the repercussions could be detrimental to the global economy.
Reference(s):
cgtn.com
