Peter Schiff Warns Trade Deal Won’t Halt U.S. Dollar Decline or Soaring Deficits

Economist and investor Peter Schiff cautions that even if the U.S. strikes a major trade agreement with China, it won’t be enough to reverse deeper structural problems in the American economy.

He argues that expanding budget deficits, persistent inflation, and a global shift away from the dollar as the dominant reserve currency are far larger threats than any bilateral deal can address.

According to Schiff, the real danger lies in the erosion of the dollar’s supremacy caused by mounting debt and unchecked money-printing, rather than trade imbalances alone. He believes creditors and central banks are increasingly turning away from U.S. assets, eroding confidence in the dollar-based system. In his view, without fundamental reform, the dollar’s fall and America’s fiscal vulnerability are more likely than a turnaround driven by a trade pact.

Clever Robot News Desk 29^th October 2025