Core Argument - Economist Peter Schiff argues that the U.S. is the biggest beneficiary of global trade, countering President Trump's claims that the U.S. subsidizes other countries by not imposing tariffs [1][2]. Group 1: U.S. Dollar and Global Trade - Schiff contends that the U.S. is subsidized by the world due to the U.S. Dollar's status as the global reserve currency [2]. - The reserve-currency status allows the U.S. to live beyond its means, but the increasing national debt and tariffs pose risks to this privilege [3]. - Schiff warns that losing this privilege could lead to an economic collapse [3]. Group 2: Trade Relations and Tariffs - Trump's recent escalation of tariffs against Denmark and EU countries is framed as an effort to assert U.S. control over Greenland, claiming that the U.S. has subsidized these nations [4]. - In response, EU states have threatened retaliatory tariffs against the U.S., raising concerns about potential trade disruptions [4]. Group 3: Dollar Performance - The U.S. Dollar Index (DXY) has decreased by 9.35%, currently trading at 99.201 against other currencies [5]. - The dollar's share of global reserves has declined from 72% in 1999 to 57%, influenced by rising fiscal deficits and the appeal of digital assets [5].