{"id":44843,"date":"2025-07-29T10:21:16","date_gmt":"2025-07-29T10:21:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/44843\/"},"modified":"2025-07-29T10:21:16","modified_gmt":"2025-07-29T10:21:16","slug":"americans-lose-again-peter-schiff-blasts-trump-eu-deal-alcoa-nyseaa-freeport-mcmoran-nysefcx-nucor-nysenue","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/44843\/","title":{"rendered":"‘Americans Lose Again’: Peter Schiff Blasts Trump, EU Deal – Alcoa (NYSE:AA), Freeport-McMoRan (NYSE:FCX), Nucor (NYSE:NUE)"},"content":{"rendered":"

Peter Schiff didn’t mince words after President Donald Trump’s new trade agreement<\/a> with the European Union. <\/p>\n

The deal is at odds with Trump\u2019s \u201cAmerica First\u201d narrative, the economist and gold advocate argued on social media. That\u2019s because industrial America will pay the price\u2014literally.<\/p>\n

What Happened: In a fiery post on X, Schiff wrote: “We will pay 15% tariffs to buy most European goods, but 50% tariffs to buy European steel, aluminum, or copper\u2026”<\/p>\n

His verdict? “Americans lose again.”<\/p>\n

Schiff is often critical of Trump\u2019s policies. His latest post echoes his sentiments from April, on the heels of Trump\u2019s so-called \u201cLiberation Day.\u201d <\/p>\n

\u201cBy putting America first, Trump has put America last when it comes to investment returns,\u201d Schiff said<\/a> on X. \u201cAmerica\u2019s consumer-driven economy will fall apart.\u201d<\/p>\n

Why It Matters: Schiff warned that the sharply higher tariffs on essential metals will raise costs for American manufacturers across sectors\u2014from construction and cars to defense and energy. <\/p>\n

With European steel, aluminum, and copper now slapped with a 50% tariff, U.S. industries dependent on those imports could see thinner margins and less competitive pricing globally.<\/p>\n

Economists<\/a> and CEOs predict<\/a> these companies will likely pass some or all of the extra cost on to customers.<\/p>\n

Read Also: Trump Shock Treatment Ignites Copper Boom\u2014And It\u2019s Only Getting Started<\/a><\/p>\n

Observers also argue that tariffs could deliver gains for certain U.S. metal producers. Domestic buyers may pivot away from now-costlier European suppliers, thus boosting the stocks of Alcoa Corp AA, Nucor Corp NUE, and Freeport-McMoRan Inc FCX.<\/p>\n

If material costs rise broadly, American miners and smelters could command better prices and improved volumes.<\/p>\n

Still, Schiff remains skeptical. While certain U.S. stocks may catch a tailwind, the economist insists the macro impact could be inflationary and productivity-draining.<\/p>\n

According to Schiff, Trump’s EU deal trades campaign optics for long-term economic pain\u2014and investors would be wise to read between the tariffs.<\/p>\n

Price Action: The Materials Select Sector SPDR Fund XLB is up about 10% year-to-date, as can be seen here<\/a>.<\/p>\n

Read Next: <\/p>\n

Image: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"Peter Schiff didn’t mince words after President Donald Trump’s new trade agreement with the European Union. The deal…\n","protected":false},"author":2,"featured_media":44844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,22287,14989,101,14988,35591,35592,35593,35594,22288,35595,35596,35597],"class_list":["post-44843","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-category-politics","tag-cms-wordpress","tag-economy","tag-pageisbzpro-bz","tag-symbol-aa","tag-symbol-fcx","tag-symbol-nue","tag-symbol-xlb","tag-tag-donald-trump","tag-tag-expert-ideas","tag-tag-peter-schiff","tag-tag-stories-that-matter"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/44843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=44843"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/44843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/44844"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=44843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=44843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=44843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}