Schiff Warns of Tariff Impact
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sweeping tariffsMoneywise
•US Politics
US Politics
Peter Schiff warns Trump’s 25% tariffs on Canada, Mexico could amount to a $250B tax hike for Americans, predicts much higher prices — but sees ‘big gains’ ahead for this safe-haven asset
75% Informative
Peter Schiff says Americans will feel the impact of President Donald Trump ’s gambit on their pocketbooks.
Schiff: Tariffs are pitched as a way to boost domestic manufacturing by making imports more expensive, potentially encouraging local production.
While tariffs can shield domestic industries from foreign competition, they often lead to higher costs for consumers as businesses pass on the added expenses.
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39
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