Leader Schumer Floor Remarks Slamming Trump’s Trade Deals As Tax Hikes For Americans

 

Over the weekend, Donald Trump announced a new trade “deal” with the European Union. It will result in a $90 billion per year tax hike on American families. When you raise tariffs, the American families pay for it.

 

Let me repeat: a $90 billion tax on American families in this tariff deal with the European Union.

 

Donald Trump, as usual, is trying to hype up, exaggerate, and lie about his accomplishments. He, Donald Trump, almost always lies about his accomplishments, and this is no exception.

 

And in Trump’s frenzy to attempt to divert attention away from the Epstein scandal, Trump is once again totally making things up.

 

And what did the American consumer get out of this Trump tax hike? A 15% increase on everyday goods.

 

This “deal” is a 15% Trump tax on American consumers, plain and simple.

 

Trump would have you believe it’s the “biggest deal ever,” that’s his words, dangling $250 billion dollars of new energy purchases and more in new investments.

 

There’s just one hiccup – it’s fake.

 

Even today’s Wall Street Journal has pierced this miasma of distortion.

 

Even if the EU purchased every dollar of American exports of crude oil and liquefied natural gas, it wouldn’t come close to meeting these promises, something Europe understands.

 

Europe has admitted this “agreement” isn’t legally binding, and they have no control over whether these investments even happen.

 

If this sounds familiar, it’s because we’ve already seen this show before – in the “major agreement” with Japan announced last week, Trump claimed Japan had promised $550 billion in new investment.

 

But now we know the real amount is only as much as 2% of the promised amount.

 

Again, he just fakes it and makes it up. He's in a frenzy about the Epstein scandal, but that doesn't give you the excuse to just make things up. And that's what happens.

 

A day later, after the dust settles, it is clear that so much of what he has said about these tariff deals – whether it is Japan or Europe- are just not true.

 

And in the meantime, American consumers are now paying higher tariffs on goods from Japan and Europe.

 

Donald Trump wants people to breathe a sigh of relief that his tariff isn’t 30%, but now is only 15%. But the American people aren’t so easily fooled.

 

Donald Trump was so desperate, so desperate, to get a trade deal done – after falling way short of his promise of 90 deals in 90 days – that’s another hyped up claim – that he sold out American families just to try and claim a win.

 

It's not a win. Not for him, and not for the American people.

 

It means more money out of people’s pockets for everyday items like groceries, medicine, electronics, cars, and more.

 

When you go to the grocery store – it could be 15% more expensive.

 

When you go to buy a car – it [could be] 15% more expensive.

 

And it also means a tighter strain for small businesses across America, who are already struggling to keep their doors open due to high costs.

 

Donald Trump can claim all he wants that this is the “biggest deal ever made,” but American families and small businesses, the ones footing the bill, know much better.

 

This new “deal” with the EU is nothing more than a massive tax hike for families and small businesses, signed in desperation, paid for by the American people.

 

 

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