At a press briefing on Monday, Rep. Hakeem Jeffries (D-NY) spoke about President Trump's tariffs and the market reaction.
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NewsTranscript
00:00Afternoon, everybody.
00:02Donald Trump and extreme
00:05mega-Republicans spent all of last year
00:07promising to lower
00:10the high cost of living
00:12in America.
00:14While at the same period of time,
00:16running away from Project 2025
00:19and pretending as if
00:21it didn't exist.
00:23They consistently
00:25lied to the American people.
00:27And now the American people
00:29are feeling the consequences
00:31of this extreme
00:33administration,
00:35the Trump administration,
00:37this extreme president,
00:39Donald Trump,
00:41and these extreme mega-Republicans
00:43who are temporarily
00:45in the majority in the House of Representatives.
00:48This year,
00:50Republicans have done nothing,
00:52not a single thing,
00:54to lower the high cost of living
00:56in the United States of America.
00:59The cost of living is too high.
01:02Housing costs are too high.
01:05Grocery costs are too high.
01:07Insurance costs
01:09are too high.
01:11Utility costs are too high.
01:13Child care costs are too high.
01:15America is too expensive.
01:18And Democrats remain committed
01:21to driving down the high cost of living
01:23in the United States of America.
01:26Instead,
01:28instead of costs
01:30going down, which Donald Trump
01:32promised would happen on day one
01:34of his presidency,
01:36costs aren't going down,
01:38they're going up.
01:40Inflation is going up.
01:42Donald Trump
01:44and Republicans are actually
01:46crashing the economy
01:48in real time. You can't make this up.
01:50They are intentionally
01:52inflicting pain
01:55on the American people.
01:59This Trump
02:01tax, these reckless
02:03tariffs
02:05will cost the American people
02:07thousands of dollars a year.
02:11It's the largest tax increase
02:13on the American people
02:15since 1968.
02:19This is what
02:21Donald Trump's presidency
02:24and Republicans in control
02:26of the House and the Senate
02:28are delivering
02:30to America. Not lower costs.
02:32Not a more prosperous
02:34economy. Not the
02:36golden age in America.
02:38Economic disaster.
02:42And then at the same period of time,
02:44these MAGA extremists
02:46are trying to
02:48jam a reckless budget
02:50down the throats of the American people
02:53take away healthcare
02:55from the American people
02:57strip away
02:59veterans benefits
03:01from the American people
03:03and hurt nutritional
03:05assistance and literally
03:07take food out of the mouths of babies
03:09in America. Why?
03:11Because they want
03:13to pass
03:15massive tax breaks
03:17for their billionaire
03:19donors and puppet masters
03:21like Elon Musk.
03:23This is
03:25Republican
03:27policy in America
03:29and it's a complete
03:31and total disaster.