Economist and gold advocate Peter Schiff believes the U.S. is headed for a recession, while the rest of the world will experience robust growth. This prediction comes on the heels of President Trump’s announcement of reciprocal tariffs impacting numerous goods entering the U.S., causing global market disruptions. Schiff argues that other nations are poised to flourish by leveraging their own production capabilities, whereas the U.S. will be forced to rely more on domestic markets and investment in production. His remarks come as commodities like oil and silver show significant declines, suggesting investors anticipate a global recession. However, Schiff maintains this downturn will largely be confined to the United States while other economies see substantial expansion.