The Lessons of HistoryToday's crisis Trump claims to 'make America great again', but copies Hoover's policies: ✅ Expulsion of immigrants ✅ Impose additional tariffs ✅ tax reduction In April 2025, the United States announced the imposition of "equivalent tariffs" on the world, with an average tax rate soaring to 30%, reaching a century high. History is repeating itself: ▫️ Eggs in the United States cost 1 US dollar per egg, while in China they are only 0.65 yuan ▫️ The cost of a lighter in the United States is 3 dollars, while in China it is 7 cents ▫️ Return of manufacturing industry? The US supply chain has long been fragmented 🚫 The Trap of Anti Globalization Allies such as the European Union and Canada counterattacked, causing global trade volume growth to plummet to 0.8% (close to the level of the 2008 financial crisis). The Federal Reserve warns: ▫️ Tariffs push up inflation by 2.1% ▫️ US GDP growth rate may decrease by 1% ▫️ Consumers become the ultimate buyers 🌐 The Mirror of History From 1930 to 2025, trade protectionism has never brought prosperity, but only ignited hatred and war. When the United States swings the stick of tariffs, does it prosper again? 1929-1933: US exports increased from 5.4 billion to 780 million US dollars (-85%) When the United States raised the average tariff to 59% through the Smoot Hawley Tariff Act, global trade volume plummeted by 66.7% within 4 years, and US car exports to Europe plummeted by 80%