Actually, a trade war is not that scary. Tariffs can be understood as a war effort, and negotiations for trade benefits exchange can begin. If negotiations fail, transfer industries back to China or engage in tax arbitrage in low tariff areas. Most international enterprises are global industrial chains and production bases, and they are too familiar with comparative advantages in economics. The world economy is a huge, complex, and immeasurable model, and the stock market is a barometer of advance quantity. Assuming that high tariffs in country A are expected to last for four years, increasing production capacity in low tariff country B can be achieved in just six months. The vast majority of products in this world are irreplaceable. Just like when IN11 was shut down, the girls immediately went to work at NOC to transfer production materials. The good news is that BTC's near circuit breaker relative to the US stock market has emerged as an independent market, while Nasdq has also fallen to the average range close to 20PE. After all, according to history, the index line of 20PE is the central axis of NASDQ. The cow did turn into a bear, but it's not that scary either. There is still hope.