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Trump's Tariffs are a Misguided Solution Trump argues that the world is screwing the US with unfair trade practices and that tariffs will level the playing field. But the truth is our trade deficits aren’t because of foreign cheating, they’re because of our uncompetitive economy

Peter Schiff

1,356,556 subscribers

80,062 Aufrufe • vor 1 Jahr •via X (Twitter)

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11 Kommentare

Profilbild von Simple Mining

Simple Miningvor 1 Jahr

Still doesn't mean they should be charging us way more than we charge them. We are the United States of America.

Profilbild von Slingshot News

Slingshot Newsvor 1 Jahr

🚨EXCLUSIVE: Here’s How Donald Trump Can Break China’s Battery Monopoly What do YOU think about this idea? Let us know in the comments ⬇️ Be sure to follow @NewsSlingshot for more exclusive reports!

Profilbild von Gat

Gatvor 1 Jahr

Do you hate tariffs? Or do you just hate Trump

Profilbild von Crypto Lord

Crypto Lordvor 1 Jahr

Oooo sftu you old btc lettuce hand

Profilbild von Bitcoin Collector.

Bitcoin Collector.vor 1 Jahr

It worked in 2016 and it will work again.

Profilbild von Jakub Wozinski

Jakub Wozinskivor 1 Jahr

The EU doesn't have more competitive economy, yet it generates almost $200 trade surplus with USA

Profilbild von PepeBrandAlpha

PepeBrandAlphavor 1 Jahr

Sounds like someone has been getting rich off cheating the American taxpayer @PeterSchiff COPE!!

Profilbild von TheKnightofEvening

TheKnightofEveningvor 1 Jahr

????? 🤔

Profilbild von Dmitri_us 🔥

Dmitri_us 🔥vor 1 Jahr

Peter what if Bitcoin is a winner ?

Profilbild von u-235

u-235vor 1 Jahr

Every year we have a 3 trillion difference in spending that leads to the defect. If countries paid the same % tariffs they charge us. We would easily have a surplus in a couple months.

Profilbild von DustinClouse

DustinClousevor 1 Jahr

You are massively long Chinese stocks and refuse to apply the same logic to them that you do the US. You are lobbying for stock welfare that benefits your portfolio

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Rapid Response 47

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PRESIDENT TRUMP: "Our deficits are way down because of tariffs. I guess because of the election because without the election, you wouldn't have tariffs."

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Secretary Howard Lutnick on President Trump's strategy of leveraging tariffs to create a level playing field for America: "The world owned $24 trillion more of our assets than we owned of theirs. When people argue that the trade deficit is nothing — the trade deficit sends $1.2T of our dollars to them. And what do they do with it? The world has bought America out from under us. President Trump has finally changed this."

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Kinzinger: He has a fundamental misunderstanding of the role of tariffs. He really believes that the US is going to get very rich from tariffs. And this is going to close the budget deficit. That's not the reality. Tariffs should be used if you're fighting real unfair trade practices, but not against your friends, and not because you think you can raise money with it

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President Trump is using tariffs as a powerful tool to reduce our trade deficit and put America First after decades of unsustainable trade deficits that threaten our economic sovereignty and national security. The Trump administration continues to engage with our trading partners to achieve fair, balanced, and reciprocal trade.

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ANI

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Check out these headlines because the truth is the tariffs are working … trade deficit is shrinking ….. the US had a budget surplus in June of this year…

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MaggieWise ⭐️⭐️⭐️

11,390 Aufrufe • vor 1 Monat

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Brian Krassenstein

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