Tariffs Reval a Weak Economy
In the latest episode of the Peter Schiff Show, Peter dives into an eventful and troubling week for the U.S. economy, marked by tumbling stocks, a weakening dollar, and escalating global market tensions. Peter explains why Trump’s tough talk on NATO and increased tariffs may be exacerbating underlying structural weaknesses in the U.S. economy. He also highlights the surprising strength in precious metals and reiterates his call for investors to move into dividend-paying foreign equities as a viable countermeasure to domestic economic turmoil.
Peter starts by surveying the damage suffered last week by Wall Street, emphasizing the significance of the sell-off across indexes:
First of all, the stock market in the U.S. had its worst week in six months. The Dow Jones was down 2.7 percent on the week, and it’s now barely up on the year. It’s up about one percent in calendar 2025. The S&P 500 dropped three and a half percent. That’s down 1.7 on the year. The NASDAQ was down 4 percent on the week, 5.6 percent on the year. And the Russell 2000, the weakest of the major indexes, is down four and a half percent on the week, 7 percent on the year.
He then turns his attention to the dollar, noting a sharp weakening against other major currencies and linking it directly to recent geopolitical shifts and Trump’s rhetoric around NATO spending:
The big news is the huge spike in yields in Germany and the rise in the euro and other currencies. The dollar had its weakest week since sometime in 2022. The dollar index was down 3.5 percent on the week. It dropped from 107.6 to close at 103.8. Now, I have been calling fo
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
