Peter Schiff slams Trump tariffs, warns of consumer burden
Economist Peter Schiff warned that Trump's tariffs are taxing U.S. consumers, not trading partners, calling them "deceptive." Tariffs could deter Fed rate cuts, raising inflation risks. Yale data shows a $2,400 hit per household. Yet, tariff revenue surged to $152B YTD. Market sentiment for SPY, QQQ remains neutral.