"Tariffs are not inflationary"
5-year breakeven rate just surged to its highest level in nearly 2 years. pic.twitter.com/J6KIAhpiY1
— Otavio (Tavi) Costa (@TaviCosta) February 3, 2025
Trump is upset that Europeans aren't buying enough U.S. products. But Americans aren't buying enough U.S. products either; that's why we had a record $1.2 trillion trade deficit in goods in 2024. If Americans won't buy U.S. products, why should we expect Europeans to buy them?
— Peter Schiff (@PeterSchiff) February 4, 2025