Trump has launched a new regional security initiative called the Shield of the Americas. This partners with several Latin American leaders that Trump likes to target drug cartels throughout LATAM.
The U.S. would utilize special forces and intelligence teams to carry this out. While they could target cartel leaders, labs, and trafficking nodes, as long as there is demand in the North, the drug trade will persist.
Eliminating the industry would require massive troop commitments, resulting in significant political consequences. And even then, the drugs would find a way to keep flowing.
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