Economist Peter Schiff has expressed skepticism about the effectiveness of a potential U.S.-China trade deal in addressing key economic challenges. Schiff argues that such a deal will not mitigate rising budget deficits, inflation, or the global trend of de-dollarization. Despite market optimism surrounding renewed trade talks, he believes that structural economic issues continue to undermine long-term financial stability. On October 27, Schiff emphasized that gold prices are likely to increase as confidence in fiat currencies wanes. He criticized the postponement of 100% tariffs on Chinese goods, labeling the trade deal as 'meaningless' in the face of persistent inflationary pressures and the ongoing shift away from the U.S. dollar.