New Delhi, April 25 -- Prominent financial commentator and stockbroker Peter Schiff has intensified his criticism of the US economy and the Federal Reserve. He has asserted that the nation is on the losing end of its ongoing economic trade war with China.

In a recent post on X (formerly Twitter), Schiff stated that: "Bessent seeing a future de-escalation of an admittedly unsustainable trade war with China, isn't a reason to buy over-priced U.S. stocks." Bessent here refers to the United States Secretary of the Treasury.

According to Schiff's thesis, China's dual role as a major creditor and supplier to the US provides it with significant leverage. He has also warned through his well respected podcasts that China could influence and infl...