Peter Schiff is saying that the tariffs are bad.
I really respect Peter Schiff, and I'll admit that he knows more than me. I also don't think that Donald Trump is infallible.
However, I just don't see how the tariffs are bad. Yeah, they raise prices. But taxation costs you money too. All things beings equal, I prefer the tariffs because I can just avoid them by not buying a bunch of useless junk.
I really respect Peter Schiff, and I'll admit that he knows more than me. I also don't think that Donald Trump is infallible.
However, I just don't see how the tariffs are bad. Yeah, they raise prices. But taxation costs you money too. All things beings equal, I prefer the tariffs because I can just avoid them by not buying a bunch of useless junk.
1