Foreign Investment—Boon or Bane for America’s Economy?
Guest Commentaries | SchiffGold | 17 Apr, 2025
In the aftermath of “Liberation Day,” it’s clear America is suffering from a resurgence of protectionism. As policymakers like Peter Navarro increasingly have the public’s ear, it’s necessary to dispel their fallacious reasoning.
The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.
No White House in my lifetime has been a fount of economic wisdom, and the Donald Trump 2.0 version is taking its place in the Pantheon of economic illiteracy. The latest salvo came from President Trump’s so-called trade guru Peter Navarro who said the following about the massive BMW plant located in Spartanburg, South Carolina:
Austrian Economics
BMW
capital goods
foreign investment
free market
Keynesianism
Navarro
Trade Policy