Economist Peter Schiff recently took to X to blast the Trump administration for conceding the trade war without meaningful gains from China.

“How is this trade deal a win for Trump?” he asked. “China has agreed to nothing. The 145% tariffs we imposed have been reduced to 30%. The 125% tariffs they imposed in response have been reduced to 10%. If 145% tariffs were just a bargaining chip, China already called Trump’s bluff and won.”

He continued in response to comments, “So what have we won by agreeing to pause the war we started? We did not win a single battle in this war.”

Other economists echoed this view. 

Peter Schiff just blasted America’s trade deal with China — warns the Asian nation won by calling Trump’s ‘bluff’ on 145% tariffs, agreeing to ‘nothing’ in return. Is he right?

“So what have we won by agreeing to pause the war we started?”

https://moneywise.com/news/economy/peter-schiff-just-blasted-americas-trade-deal-with-china-warns-the-asian