Economist slams Trump’s economy claim as July deficit hits $291 bn
Economist Peter Schiff criticised Donald Trump's booming economy claim after July US budget deficit jumped 20% YoY to $291 billion, the second-largest on record, despite record tariff revenue. Schiff argued deficits rise in weak economies and warned they'll swell in a recession. "Trump claims US economy is booming. But a booming economy results in lower, not higher, deficits," he said.