Chuck Schumer Blasts President Trump Over 'Absurd, Crazy, Chaotic Trade War'

2 days ago

At a Senate Democratic press briefing on Wednesday, Sen. Chuck Schumer (D-NY) spoke about President Trump's tariffs.

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Transcript

00:00Okay

00:01Excuse me. Good afternoon everybody

00:03And I want to thank senators Cain and Welch and also Brooks for joining us here today as we fight

00:11against

00:13Trump's trade war as you see right here

00:17This map has how much each state would pay for this absurd

00:22crazy

00:24chaotic trade war but the worst thing about it is

00:28That it so hurts American families it is estimated that the average American family will pay more than

00:37$5,000 out of their pocket

00:40To pay for these tariffs that these tariffs will cost them

00:45$5,000 as the prices of everything goes up whether it's groceries or cars or wood or you name it

00:54cross the board

00:56Why would Trump do this? Why would Trump do this?

01:01One reason he wants to take the money

01:05That he gains from tariffs to give tax cuts to billionaires and when told

01:10That American families would have a great that would pay a whole lot more out of their pockets. You know what he said? I don't care

01:18What kind of bubble is this man and his billionaire cohorts in that they don't understand?

01:25That when the average American family is told that you're going to have to pay

01:31$5,000 more for the things you buy

01:35That it pains them so

01:37Well can't buy that new car

01:40Can't take that vacation. We've been planning for a whole year with the kids. Can't go visit grandma

01:47Got a cut back on

01:49Even the medicines I buy

01:52What kind of bubble do they live in

01:55So we have documented in this chart

01:59How much each state would pay

02:04From Trump's trade war and it's devastating. I just talked to over 50 people in my state of New York

02:12We're right on the Canadian border

02:15Buffalo thinks they could go into a real recession if these tariffs came about

02:21Plattsburgh 20% of their businesses are Canadian owned. What are they going to do?

02:28and

02:29There are tens of thousands of job losses in every part of New York State because they are tariffs

02:37They are a tax on families. They don't like taxes

02:41This is one of the worst taxes they could put in and don't just listen to us

02:46Rand Paul

02:48Hardly a Democrat

02:50Tariffs are simply a tax

02:53Senator Mullen

02:55Tariffs is a tax. He didn't have the right grammar, but I'll read him verbatim

03:00Tariffs is a tax and it will be passed on to consumers

03:07According to the New York Times

03:096.5 million jobs would be impacted by the Canadian tariffs and people in red states will be especially

03:15Impacted from farmers to small businesses and here's another problem. It's chaotic

03:20He says one thing one day and another thing the next day. He changes which countries he changes the percentage. He changes which good

03:30It's

03:33And

03:34What do businesses hate?

03:37Uncertainty whether you're a small business a medium-sized business a large business you want certainty. There's no

03:43There's no certainty, that's why the stock market has gone down so much

03:47Consumers, why is their confidence at lower levels than it's been in a very long time in part in good part because of these tariffs

03:55They say if I'm gonna have to pay more for eggs or for bread or for gas or for a car. I

04:03Better not spend now. So it's crap. It's creating huge problems in the whole economy

04:09So soon the Senate will vote on a resolution from Senator Cain to undo Trump's tariffs on Canadian

04:17goods and

04:20We hope that

04:22Some of our Republican colleagues will join us in that they don't like the tariffs either

04:28They know they're a tax hike on the American people. They know that the stock market is in turmoil risking people's retirements

04:35They know that consumer confidence is down and the odds of a recession something people hate it's harder to find a job keep a job

04:44maintain your

04:45weekly budget

04:47If a recession occurs and now our greatest financial

04:51Prognosticators are saying the chances of recession because of these tariffs this tariff tax goes way up

04:57So we're gonna fight these tariffs tooth and nail

05:00Trump's done a lot of bad things

05:02This is way up there ask American people and one a final thing

05:07Look at what happened in Wisconsin yesterday. The American people understand that Trump is not on their side on tariffs on

05:16Tax cuts for billionaires on cutting Medicaid on cutting the others

05:20The American people are seeing how bad Trump is tariffs is a good part of it

05:25And they are not supporting people like Elon Musk and those who support Donald Trump

05:31Tim

Chuck Schumer Blasts President Trump Over 'Absurd, Crazy, Chaotic Trade War'

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