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    <title>Industrial Policy on Geopolitics &amp; Economy</title>
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      <title>Trump’s Tax Cuts and the Economic Choices Facing China and the U.S.: Policy Pitfalls in an Era of Stagnation</title>
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      <description>This article analyzes the fundamental flaws in the logic underlying Trump’s tax cut policies and compares them with the historical context of the Great Depression during the Hoover era. It argues that the global economy is currently in a phase characterized by competition over existing resources and insufficient demand, and that blindly promoting manufacturing expansion and increased household debt will exacerbate economic risks. The article also explores the impact of demographic shifts and global supply chain misalignments on the future economic landscape.</description>
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