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Economist gives Trump 'basic economics' class: 'Neither Trump nor his advisors understand'

Summary by Raw Story

A new study showed that 90% of Donald Trump's tariffs are paid by Americans, and an economist delivered to the president a "basic economics" lesson.Peter Schiff, a financial commentator and radio personality who has been raising alarms about America’s affordability crisis, weighed in over the weeken...

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Economist gives Trump 'basic economics' class: 'Neither Trump nor his advisors understand'

A new study showed that 90% of Donald Trump's tariffs are paid by Americans, and an economist delivered to the president a "basic economics" lesson.Peter Schiff, a financial commentator and radio personality who has been raising alarms about America’s affordability crisis, weighed in over the weeken...

4 hours ago·United States

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Leaning Left1Leaning Right0Center0Last Updated4 hours agoBias Distribution

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100% Left

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Raw Story broke the news in United States 4 hours ago on Sunday, February 15, 2026.

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