Schiff warns Trump trade threat could crash the U.S. economy

President Donald Trump’s latest push for lower interest rates — coupled with a threat to halt trade with countries running trade surpluses against the U.S. — has drawn warnings from veteran investor Peter Schiff and Jim Cramer. Peter Schiff Warns of Economic ‘Crash’ On Friday, Trump said that the U.S. should have the world’s lowest interest rate and threatened to stop trading with countries where America runs a trade deficit if the Federal Reserve does not cut rates. Schiff argued that such a move could backfire by disrupting the flow of goods into the U.S. "Trump threatened that if the Fed doesn’t lower interest rates, he’ll cut off all trade with countries that run trade surpluses with the U.S.," Schiff said on X. "He claims that’s better than tariffs. This would crash the U.S. economy, as a shortage of goods would send prices and unemployment soaring." Trump threa...