Equivalent tariffs+specific country tariffs+specific industry tariffsOnly then can we see the true impact of the new tariff system on inflation. As shown in the figure below, looking back at the trade war in the first term, it is also evident that the economy is getting worse as the war progresses, with both GDP and GDP declining synchronously. Similar signs are also evident in the early stages of the trade war in the second term. My recent idea is to wait for the impact of tariffs to emerge and engage in short-term trading around 78000~91400 during this period. 78000 is the pre low point of the three interest rate cuts in recession trading pricing this year, and further exploration will lead to stronger recession expectation trading. More data is needed in the future to assist in judgment. We are still in the standoff between the Federal Reserve and Trump, and the longer the standoff, the more likely the economy is to experience a marginal slowdown and develop towards a recession trade - the position and energy are left for the future Federal Reserve to turn to solving economic problems