With markets largely unfazed by President Donald Trump’s latest tariff escalations and the potential economic fallout of the same, economist Peter Schiff warns that Trump may not back down this time around.
What Happened: On Tuesday, Schiff posted on X, highlighting “a classic paradox,” with the markets not reacting to Trump’s looming tariffs because they expect him to back down, but warns that this very complacency could compel him to follow through.
