Peter Schiff – YouTube, Released on 5/12/25

In this episode of The Peter Schiff Show, Peter Schiff critiques the perceived celebration on Wall Street over a supposed trade deal with China, which he calls ‘fake news.’ He argues that rather than achieving a deal, President Trump merely rolled back the heavy tariffs he had initially imposed, with no substantial progress or concessions from China. Schiff contends that Trump’s moves were a strategic surrender rather than a negotiation victory and attributes market reactions, such as stock rallies and gold price drops, to a relief from avoided economic damages. Schiff also criticizes Trump’s populist actions such as advocating for drug price controls and accepting a questionable $400 million jet from Qatar. Schiff concludes by discussing the implications for markets and reiterates his advice on investing in gold and foreign currencies to protect against economic instability.

00:00 Introduction: Wall Street Celebrates Fake Trade Deal
02:50 Trump’s Tariff War: The Real Story
03:35 The Geneva Meeting: A Surrender in Disguise
05:34 The Illusion of Victory: Trump’s PR Spin
17:44 Market Reactions: Stocks, Gold, and the Dollar
25:38 The Bigger Picture: Economic Implications
34:58 Moving Away from US Dollars
35:39 Trump’s Price Controls on Prescription Drugs
40:10 The FDA and Drug Development Costs
55:29 Trump’s $400 Million Jet from Qatar
01:05:07 Conclusion and Final Thoughts

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter is the CEO and Chief Economist of Euro Pacific Asset Management and Chairman of Schiff Gold. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  china, tariffs, trade deal, trade war, Trump