Leader Schumer Floor Remarks On Trump’s Trade War Raising Costs For American Families And Businesses

Washington, D.C. – Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor to condemn President Trump’s latest trade announcement with Japan, calling it yet another empty “deal” that only raises costs for American families and small businesses. Below are Senator Schumer’s remarks, which can also be viewed here:

Last night, President Trump announced another trade “deal,” this time with Japan.

Like most of the “deals” announced over the past month, it was big on promises, short on detail, and, crucially, provided zero relief for American families and small businesses.

Whether it’s this “agreement” with Japan, where tariffs are increasing to 15%, or earlier ones with Indonesia or Vietnam, where tariffs are increasing to 19% and 20%, the Trump tariff taxes are going up, not down.

That means one thing: higher costs for the American family.

Ask an American family if increasing their costs by only 15% is okay.

And by the way, the media says, that's a great deal because it wasn't as bad as Trump originally proposed. But is still very bad for the American people and raises costs 15%.

The American people won't buy this as a good deal at all. In the meantime, the Trump administration is granting China greater access to advanced semiconductor technology.

Surrendering to China, higher costs for families and small businesses – Trump’s trade war has been, and continues to be, a huge failure.

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