The post Peter Schiff Criticizes US Tariffs, Renews Feud With Michael Saylor appeared on BitcoinEthereumNews.com.

Schiff argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier He accused the CNBC hosts of giving Saylor an easy platform without enough pushback, labeling Michael Saylor a con man Schiff has a longstanding record of attacking Bitcoin advocates and specifically Saylor’s market influence In his latest X posts, stockbroker, financial commentator, and economist Peter Schiff sparked an online debate about the tariffs imposed by the US government. He argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier. Therefore, US consumers end up paying these tariffs unless they buy domestic alternatives. According to Schiff, such US-made substitutes rarely exist at price points competitive with imported goods. Schiff’s Argument on Tariffs and Saylor Schiff regularly frames tariffs as a de facto tax on American consumers, especially when importers can’t fully pass the tariff costs onto suppliers. Shortly afterwards, he also commented on Michael Saylor’s interview on CNBC. Schiff accused the hosts of giving Saylor an easy platform without enough pushback, labeling Saylor a con man and criticising both Saylor’s claims and the network’s journalistic balance. Naturally, this ignited a dispute between X users, with some pointing out Saylor’s successful track record. Schiff rebutted that con men can achieve great success, particularly when they have a compelling scheme and a large number of naive and greedy targets. A Bitcoin contrarian Schiff has always been a vocal gold bull and Bitcoin skeptic for over a decade, so him calling Saylor (who is arguably the most prominent corporate Bitcoin bull) a con man might not be that much of a surprise, particularly considering their long-standing feud. He has a longstanding record of attacking Bitcoin advocates and…

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Filed under: News - @ August 2, 2025 4:22 am