On Friday, renowned economist Peter Schiff criticized U.S. trade policy as President Donald Trump lashed out at the Supreme Court and unveiled a fresh 10% global tariff following a major legal setback.
Schiff Pushes Back On ‘Ripping Off’ Narrative
Schiff took to X to challenge the long-running claim that foreign nations exploit the U.S. through trade deficits.
“No country has been ripping off America,” Schiff wrote. “We rip off the world by exchanging our fiat money for the consumer goods our trading partners produce.”
He warned that if imports slow due to escalating tariffs, Americans could face higher prices at home, arguing that inflation would no longer be cushioned by the dollar’s global reserve status.
No country has been ripping off America. We rip off the world by exchanging our fiat money for …Full story available on Benzinga.com
