Leader Schumer Floor Remarks On Donald Trump Caving To China On Tariffs, Bringing Nothing But Chaos And Increased Costs For American Families And Workers
Washington, D.C. – Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor on Donald Trump’s “deal” with China, which does nothing to alleviate costs on American families and workers. Below are Senator Schumer’s remarks, which can also be viewed here:
Early this morning, it was reported that Donald Trump caved to Xi Jinping and the Chinese Communist Party, with virtually nothing to show to American workers.
Donald Trump has changed his mind once again on his tariffs, with a new “deal” with China to pause most tariffs for 90 days.
Sadly, it looks like China has once again gotten the better of Donald Trump. They've hardly had to give up a thing. It’s another example of Donald Trump’s chaos.
Trump has one policy for his tariffs one day, a different policy the next day. One day, he’s pretending to be a tough guy with China. The next day, he’s caving to China and getting little – if anything – in return.
Who knows what Trump’s tariff policy will be in the next 90 days?
If I were a businessperson, I wouldn't count on what he's doing or what he says today. It probably won't be in effect in the next week or the next three weeks.
Even under this “deal,” tariffs are still significantly higher than they were before Trump’s Liberation Day.
Businesses will continue to struggle. Supply chains will continue to experience chaos and strain and unpredictability.
And again, this is only a 90-day pause. It’s impossible, as I said before, to predict what will happen next, even within the 90 day period, because Donald Trump changes his mind so quickly.
Whatever seems in front of him at the moment, he goes for. First, he's mad at China and puts in tariffs. Then there’s blowback and he backs off.
Where he will be tomorrow? Who the heck knows? Businesses can't count on anything reliable, only on chaos.
Donald Trump's trade war is lose, lose, lose for American families and businesses, leaving them with increased costs and more chaos.
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