Schiff Exposes How Trump’s Vietnam Deal Backfired—Now Americans Foot the Bill

Trump’s trade maneuver with Vietnam was supposed to be a win—instead, it’s burning a hole in taxpayers’ pockets.

Here’s how the deal unraveled.

The Setup: Promises vs. Reality

Tariffs slashed, markets opened—on paper, it looked like a masterstroke. But behind the headlines? A classic case of ‘buy now, pay later.’

The Fallout: Who Really Pays?

Import costs surged, supply chains snarled, and guess what? Those ‘savings’ never trickled down. Surprise—corporate ledgers got fatter while Main Street ate the loss.

The Irony: Free Trade or Free-for-All?

Washington’s playbook: Cut a deal, spin the narrative, then watch lobbyists cash in. Meanwhile, the SEC’s too busy chasing crypto tweets to notice the real grift.

Another day, another dollar—just not yours.

How Vietnam Trade Fallout, Inflation, And De-Dollarization Collide

The Schiff Trump Vietnam Deal Warning Materializes

Peter Schiff stated:

As a result of Trump's trade deal with Vietnam, Americans are losers and Vietnamese are winners, relative to their positions under Biden. Americans will suffer by paying higher prices for Vietnamese imports, while the Vietnamese will enjoy paying lower prices on American imports.

Trump’s Vietnam trade deal imposes a 20% tariff on Vietnamese goods and also includes a 40% transshipping tariff. These inflation risks are already materializing as prices increase for American consumers right now.

Trump announced the agreement on Truth Social:

Rising Supply Chain Costs Hit American Wallets

Schiff’s Trump Vietnam deal criticism proves valid as rising supply chain costs affect consumers. AlixPartners found that a 10% tariff on Vietnamese goods WOULD cause an imported men’s sweater to rise 8% in price, and that’s just the beginning.

US Federal Reserve Chairman Jerome Powell stated:

The trade deal involving Vietnam causes further inflation risks as the Vietnamese exports make up 30 percent of its GDP which is led by Trump. De-dollarization, in this context, is gaining pace as the world tries to avoid dollar-denominated trade and experts opine that this could be a game changer in international trade.

This warning which Schiff gave on Trump’s Vietnam deal is an indication of the way the trade policies aimed at safeguarding the interests of Americans hurt consumers by increasing the prices and lowering the purchasing power of consumers.