By Liberty Report Staff
Peter Schiff had a few choice words on a recent podcast about President Trump's trade war:
What a lot of people overlook is that China doesn't have this massive trade surplus with the entire world. They have a massive trade surplus with America. They have a deficit with most other countries. So they have to take the money they earn selling to us and they use it to buy the stuff they need from other people.
Peter on the idea that the trade war will magically cause corporations to bring their businesses back to the U.S.:
Yeah, how are they going to do that?
A century ago, Americans were duped into the idea of a big and overarching government.
The 'land of the free' would become the land of the bureaucrats.
No one wants to produce in America because government is overbearing with regulations, bureaucracies, dictates and edicts.
President Trump should be tearing down all of these roadblocks, but he is not.
Instead, Trump has embarked on a trade war that can do nothing but lower the standard of living for the average American even further.