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.
Tag Archives: Peter Schiff
2paragraphs: U.S. Congressman Tells Billionaire To “Shut Up” After Trump Tariffs and “Economic Nuclear War” Comment
Going so far as to call on a nuclear war analogy, Ackman warns: “The president has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country. If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.
Take your blinders off, Bubba. King Donald has already “severely damage[d] our reputation with the rest of the world that will take years and potentially decades to rehabilitate.” The deed is done.
Meanwhile:
U.S. Representative Eric Swalwell (D-CA) replied to Ackman: “If you enabled him in becoming president may I suggest you shut the [expletive] up?”