New Delhi, July 20 -- There are many perspectives on U.S. tariff policy. Some describe it as "mercantile diplomacy"-a strategy that prioritises tariffs and economic sanctions to discipline competitors, especially China. Canadian Prime Minister Marc Carney calls this an attempt to "monetize America's hegemony." Former Sri Lankan President Ranil Wickremesinghe has warned that high reciprocal tariffs could severely harm Asia's manufacturing base, pushing regional support even closer to China. Leaders worldwide have voiced different perspectives, each coloured by their own political understanding. Yet, as Emmanuel Wallerstein reminds us: "Who will win in all of this and what will happen to the system-I do not know, you do not know, we do not ...