Peter Schiff Blasts U.S.-China Trade Deal as a Strategic Surrender

Economist Peter Schiff isn’t buying the fanfare around the latest U.S.-China tariff deal. In his view, Washington just blinked.

After a round of negotiations in Geneva, the two countries agreed to pause parts of their trade war by reducing tariffs for 90 days—down to 30% on Chinese imports into the U.S., while Beijing holds steady at 10% on American goods. Schiff was quick to criticize the imbalance, calling it a “loss disguised as diplomacy.”

“This isn’t a breakthrough—it’s a bluff retreat,” Schiff wrote on X, claiming the U.S. gave up leverage without securing meaningful concessions. Critics argue the deal’s structure favors China and burdens American households, who are already projected to face an average of $1,300 in extra costs due to tariffs in 2025.

While Trump hailed the temporary rollback as “great progress” on Truth Social, skeptics suspect political motives. Schiff even suggested the timeline and figures may have been tailored to benefit allies close to the administration.

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Despite public statements from U.S. officials labeling the deal a step forward, key tariff frameworks remain intact. Duties imposed before April 2025, including those under Section 301 and national security measures, will continue.

Chinese officials remained cautious, reiterating that future negotiations must align with their national development interests. Both sides confirmed plans to resume talks but offered no details beyond general optimism.

Whether this is a true de-escalation or just a timeout remains to be seen. For now, the clock is ticking on another 90-day countdown.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.