
Bitcoin.com News|Apr 07, 2025 16:41
Economist Peter Schiff urges China to tackle its trade deficit with the U.S. by dumping U.S. Treasuries and dollars to buy gold, backing a revalued yuan. He predicts this move would crash the dollar, surge U.S. interest rates, and enrich Chinese consumers.📉
Schiff criticizes Trump’s tariff policies, warning of inflation and collapsing living standards in the U.S. Meanwhile, Trump’s adviser Peter Navarro calls the global market decline "a beautiful situation."
Could this trade war reshape global economic dynamics? Share your thoughts!
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