cut both ways - meaning and definition. What is cut both ways
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What (who) is cut both ways - definition

ALBUM BY ALISON KRAUSS
Lovely Runs Both Ways; Unionhouse Branch

cut both ways      
(of a point) serve both sides of an argument.
?(of an action or process) have both good and bad effects.
Look Both Ways (novel)         
2019 NOVEL BY JASON REYNOLDS
Look Both Ways (Reynolds novel); Look Both Ways: A Tale Told in Ten Blocks
Look Both Ways: A Tale Told in Ten Blocks is a young adult novel written by Jason Reynolds, illustrated by Alexander Nabaum, and published October 8, 2019 by Atheneum Books. The book is a New York Times best seller, National Book Award for Young People's Literature finalist (2019), Coretta Scott King Award honor book (2020), and Carnegie Medal recipient (2021).
both ways         
WIKIMEDIA DISAMBIGUATION PAGE
Both Ways (song); Both Ways (disambiguation)
¦ adverb & adjective another term for each-way.
Phrases
have it both ways benefit from two incompatible ways of thinking or behaving.

Wikipedia

Lonely Runs Both Ways

Lonely Runs Both Ways is the twelfth album by bluegrass music group Alison Krauss & Union Station, released November 23, 2004. The album won the band three Grammy Awards in 2006, including Best Country Performance By a Duo or Group with Vocal for the song "Restless", Best Country Instrumental Performance for "Unionhouse Branch", and Best Country Album. The song "A Living Prayer" was honored with the award for Bluegrass Recorded Song of the Year from the Gospel Music Association.

Examples of use of cut both ways
1. Perceptions of unfairness real or imagined cut both ways, however.
2. WASHINGTON –– Having a former president on your side is a blessing that can cut both ways.
3. But efforts to draw clear distinctions with the Democrats can cut both ways.
4. In political terms, the news from London could cut both ways.
5. But Lovett believes race can cut both ways in the election, with some voting for Obama because he is black.