The 2025 tariffs, recently implemented on imports from Mexico, Canada, China, and numerous other countries, are causing significant economic disruption in the U.S., much like the tariffs of 1828 and 1930. Historically, the 1828 Tariff of Abominations led to regional economic distress, while the 1930 Smoot-Hawley Tariff worsened the Great Depression by curbing global trade. Today, these new tariffs are driving inflation, increasing consumer prices, and sparking trade retaliation from nations like Canada, Mexico, and the EU. The stock market has seen a sharp decline, with the S&P 500 losing over $4 trillion in value since February, and the crypto market is experiencing volatility as investors shift away from riskier assets. Economic indicators, including a flat yield curve and a high recession probability, suggest a potential downturn. While the tariffs aim to boost domestic jobs, they’re more likely to lead to economic decline, repeating historical mistakes. Markets will likely remain turbulent as uncertainty continues.