Leader Schumer Floor Remarks On Rising Inflation And Economic Chaos Thanks To Trump’s Tariff Tax

Washington, D.C. – Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor on rising inflation and economic instability thanks to Donald Trump’s tariff tax. Below are Senator Schumer’s remarks, which can also be viewed here:

Americans woke up this morning to a troubling headline: “U.S. Inflation Accelerated In June As Trump's Tariffs Pushed Up Prices.” That’s what the New York Times said today.

We’ve said from the start that Donald Trump's tariffs are a national sales tax on working and middle class families. And now it is causing inflation to rise, as many of us feared. And there is too large a chance this tariff increase is just the beginning, as chaos on tariffs rise.

Tariffs raise the price of groceries, add thousands of dollars in additional costs for the average household, and Donald Trump's chaotic approach does nothing – nothing – to make our economy stronger.

Even worse, real wages are down for June as Americans pay more for groceries, electricity, and healthcare.

And that is before the “Big, Ugly Betrayal,” which will steal people’s Medicaid, kill jobs, and jack up people’s electricity bills.

Remember what Donald Trump said on the campaign trail? He said that if elected, he would bring costs down on day one. It is now the middle of July. Inflation is going up. And that is the definition of a broken promise.

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