#Trump's view that the U.S. can win a #TradeWar shows how little the President understands about our economy. Yes long-term America's trade deficits are a disaster, but low-cost imports "paid" for with debt are the main things keeping our phony consumer economy from imploding.

#Trump's view that the U.S. can win a #TradeWar shows how little the President understands about our economy. Yes long-term America's trade deficits are a disaster, but low-cost imports "paid" for with debt are the main things keeping our phony consumer economy from imploding.

— Peter Schiff (@PeterSchiff) March 2, 2018