Chuck Schumer, Speaker Johnson React To Trump's 'Liberation Day' Tariffs

2 days ago

Lawmakers react to President Trump's announced tariffs.

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Transcript

00:00Anyone who says there may be a little bit of pain before we get things right, need to

00:06talk about farmers who are one crop away from bankruptcy.

00:09They don't have time.

00:11So we've got to be crisp on this implementation, otherwise we could do damage that's irreparable

00:16to farmers.

00:17The President has admitted tariffs will create pain for some businesses, and I think Wisconsin

00:21will be particularly hard hit with all the manufacturing and agricultural interests.

00:25He's used tariffs in the past effectively to get nations to do what they should have

00:29done anyway.

00:30Right now, I'll give him the benefit of the doubt, but I'm concerned.

00:32We've already heard from some of our beef processors, popcorn exporters, that they're

00:38losing some market share in Europe.

00:39So it is concerning.

00:40But I'm all for fair trade, reciprocal tariffs, but I think in the end a trade war doesn't

00:46help anybody.

00:47What I think is going to happen is that the tariffs, this huge tariff disparity that we

00:58have with these other countries, is going to come down.

00:59They're going to bring their tariffs down because they need the U.S. to be active trading

01:02partners.

01:03So when the average American family sits down and tries to figure out how they're going

01:10to pay for things, and they hear they may pay $5,000 more than they've had to pay before,

01:16and they may not be able to buy a new car, they may not be able to support that new drug

01:21that grandma needs, they may not be able to take that vacation they were planning

01:28for for a year, they're going to be outraged.

01:30And they should be outraged.

01:32These tariffs are a disaster for the average American family.

01:39Not only is he not doing enough to lower costs, he's actually making things worse.

01:43So they're going to see this for what it is, which is a tax imposed on the American people

01:47by President Trump.

01:50We have to save the people and the industries of the United States.

01:55If they continue to go on, we're going to have huge problems.

01:58We think we've got problems now, they'll get much worse.

02:00In my state of Alabama, we voted almost unanimously for President Trump.

02:04They believe in him.

02:05And he's trying something different.

02:07We have to have a different game plan.

Chuck Schumer, Speaker Johnson React To Trump's 'Liberation Day' Tariffs

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