Economist Peter Schiff warned that Donald Trump's America First policy may be weakening U.S. investment appeal, as foreign capital retreats from American assets. Schiff said in a post on X that the U.S. once benefited from inflows tied to global trade surpluses, but that dynamic is reversing amid rising tariffs and a weakening dollar. He also flagged a potential drop in foreign demand for U.S. bonds, which could hike interest rates and deepen losses. With rising costs, falling asset prices, and growing deficits, Schiff warned of a severe recession and possible fiscal crisis if the Fed must backstop both Treasuries and federal debt.