De-Dollarization Won't Stop Even After US-China Trade Deal
US President Donald Trump and Chinese leader Xi Jinping prepare to meet for the first time since 2019 to finalize the trade deal. The meeting is set up in Gyeongju, South Korea, after a fierce rivalry broke out between the two nations since Trump imposed tariffs. However, gold proponent Peter Schiff cautioned that even if the US-China trade deal goes forward, de-dollarization will never stop. Also Read: Trader Loses Life Savings After Going All-In on Beyond Meat Stock China Will Continue the De-Dollarization Process, Says Peter Schiff Source: Shelbi Austin / Pavel Brykin / Li Muzi / Sputnik / AFP / Xinhua / Getty Images Schiff warned that the US-China deal will do nothing to address the rising budget deficits, interest rate cuts, soaring inflation, and de-dollarization. The average American will gain nothing out of the deals as the economic situation worsens in the homeland. He stated that Trump is trying to solve a problem that would not have existed if he hadn’t started it in th...