We might be looking at a similar situation to the 1930s again, but with the USA closer to 1930s Europe and China closer to 1930s USA. China has had a recent speculative stock bubble.
Also, the Smoot-Hawley Tariffs took effect in 1930 (we're just threatening trade war now).
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We might be looking at a similar situation to the 1930s again, but with the USA closer to 1930s Europe and China closer to 1930s USA. China has had a recent speculative stock bubble. Also, the Smoot-Hawley Tariffs took effect in 1930 (we're just threatening trade war now).