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TechFlow, May 12 — Economist Peter Schiff posted on social media saying, "Although no specific terms have been announced yet, stock index futures rose and gold fell due to optimistic expectations surrounding the China-U.S. trade deal. If the agreement includes significant tariff reductions, the only factor that could reduce our trade deficit would be a substantial appreciation of the Chinese yuan."
Economist Peter Schiff posted on social media, "Although no specific terms have been announced yet, stock index futures are rising and gold is falling due to optimistic expectations about the China-U.S. trade deal. If the agreement includes significant tariff reductions, the only way to reduce our trade deficit would be a substantial appreciation of the Chinese yuan."
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