Peter Schiff Addresses US-China Trade Tensions: Economic Impacts & Crypto Impact

Leading economist and crypto critic, Peter Schiff, sheds light on the ongoing trade tensions between the United States and China. He delves into the potential impact of increased tariffs, highlighting China’s significant influence on the US economy and its ability to cause financial disruption before retaliatory measures are taken. 104% tariff imposed by the Trump administration on Chinese goods has added fuel to uncertainty in both economies. Schiff warns of escalating risks like rising inflation and borrowing costs during a fragile economic environment.