Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the Chinese would be rewarded with more goods and lower prices.”
Peter Schiff on U.S.-China Decoupling
Economist and gold bug Peter Schiff shared his thoughts on the U.S. economy and the dire consequences of the U.S. decoupling from China in several posts on social media platform X Friday.
Commenting on the remarks by Treasury Secretary Janet Yellen stating that a “full separation” of the U.S. and China economies “would be economically disastrous” for both countries as well as for the world, Schiff argued:
Janet Yellen is only half right. A complete separation of the Chinese and American economies would be a disaster for America, but a boon for China.
“Americans would be stuck with fewer goods and higher prices, while the Chinese would be
We współpracy z: https://news.bitcoin.com/economist-peter-schiff-complete-separation-of-us-china-economies-would-be-a-disaster-for-america/
