The Peter Schiff Show Podcast

The US Already Lost the Trade War - Ep 1021

6 snips
Apr 12, 2025
Delve into the chaos of financial markets and the fallout from tariffs imposed during the Trump administration. Discover how these policies have contradicted basic economic principles, leading to increased trade deficits instead of solutions. Explore the declining U.S. dollar and shifting global alliances, with China favoring German bonds over U.S. treasuries. Peter Schiff stresses the importance of investing in gold as a hedge against economic turmoil, predicting a surge in gold mining stocks as a smart response to these changing dynamics.
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INSIGHT

Predictable Market Reaction

  • The market's reaction to tariffs was predictable, contradicting claims of it being counterintuitive.
  • Peter Schiff predicted the dollar's decline and interest rate rise resulting from the tariffs.
INSIGHT

Tariffs' True Impact

  • Trump's tariffs did not liberate the US but rather harmed its standard of living.
  • The tariffs led to increased prices, higher interest rates, and declining stock portfolios.
ANECDOTE

Trump's Negotiation Blunder

  • Trump's tariff strategy backfired, diminishing his negotiating leverage.
  • By removing tariffs, he exposed himself as a paper tiger, making future threats less credible.
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