Reported 3 months ago
Economist Peter Schiff has criticized the recent US-China trade deal, claiming that China outsmarted Trump by reducing tariffs and making minimal concessions. Schiff argues that the United States has not benefited from the agreement and that American consumers face the highest average effective tariff rate since 1934, which could impact economic growth, increase unemployment, and diminish purchasing power. He warns that the deal represents only a temporary pause, raising uncertainties for long-term investments and consumer finances.
Source: YAHOO