Editor's note: Azhar Azam, a special commentator on current affairs for CGTN, works for a private organization as a market and business analyst. He writes on geopolitical affairs and regional conflicts. The article reflects the author's opinions and not necessarily those of CGTN.
On February 10, U.S. President Donald Trump announced new 25 percent tariffs on all steel and aluminum imports into the U.S. Many critics believe that yet more import duties are coming.
Trump has framed tariffs as a tool to stimulate the U.S. economy, protect jobs, generate tax revenue and pressure other countries into trade talks, not grasping that this strategy could backfire, ending up weakening America's growth, raising the cost of living at home and causing economic disruption worldwide.