Peter Schiff Warns Against Potential Economic Fallout from US-China Tariff Conflict

A 104% tariff imposed by the U.S. on Chinese goods has triggered significant market volatility, raising concerns about the economic consequences of this trade conflict. Peter Schiff, a prominent economist and CEO of Euro Pacific Capital, has warned that China could negatively impact the US economy without resorting to tariffs. He emphasizes how China holds substantial leverage as the largest creditor of the U.S., suggesting they can utilize various tools like selling off U.S. Treasury bonds or redirecting their goods for domestic consumption instead of exporting to the U.S., further exacerbating the situation.