Schiff: Trump's Vietnam Deal Backfires, Americans Pay the Price
Peter Schiff’s warning about Trump’s Vietnam trade deal is proving accurate right now, as Americans face higher costs while Vietnamese consumers benefit from lower prices. Schiff’s Trump Vietnam deal critique highlights that Trump’s Vietnam trade deal creates inflation risks and rising supply chain costs for American consumers. This 20% tariff agreement also accelerates the de-dollarization trend affecting global markets at the time of writing. Also Read: Ethane Flow Restarts: China Taps US Supply After Rare Earth Deal How Vietnam Trade Fallout, Inflation, And De-Dollarization Collide Image Source: Unsplash The Schiff Trump Vietnam Deal Warning Materializes Peter Schiff stated: “As a result of Trump’s trade deal with Vietnam, Americans are losers and Vietnamese are winners, relative to their positions under Biden. Americans will suffer by paying higher prices for Vietnamese imports, while the Vietnamese will enjoy paying lower prices on American impo...