The Four U.S. Trade Wars: What Will Happen This Time?​

​​In modern history, the United States has initiated four trade wars, three of which ended in victory. What will be the outcome this time?​​

​​What impact will it have on ordinary citizens?​​

​​Timeline:​​

1. In 1890, Benjamin Harrison, the 23rd President of the United States (March 4, 1889 – March 3, 1893), saw the U.S. GDP surpass that of Great Britain during his presidency. The U.S. began to take on the role of the new global hegemon.

2. In 1930, Herbert Hoover, the 31st President of the United States (March 4, 1929 – March 4, 1933), triggered the Great Depression worldwide, which can be said to have directly led to the rise of Japanese militarism and the fascist transformation of Germany, laying the groundwork for World War II. However, due to the socialist system of the Soviet Union, it became a beneficiary of the Great Depression, allowing the USSR to experience a "golden decade" of development.

3. Richard Milhous Nixon, the 37th President of the United States (1969–1974), during this trade war, led the U.S. to exit the Bretton Woods system, decoupled the dollar from gold, and linked the dollar to oil.

4. The current trade war under Donald Trump's administration is ongoing. What consequences will it bring to the U.S. and the world? We shall wait and see.