On the recordFebruary 3, 2025
Finally, Mr. President, on tariffs, this weekend, President Trump kick-started a golden age of higher costs for American families with his 25-percent tariffs on Canada and Mexico--two of our four biggest trading partners. By issuing his tariffs, Donald Trump is yet again rigging the game for his billionaire friends while doing nothing to lower costs for American families. Thankfully, President Trump got immense blowback, and for now, he has decided to back off his nonsensical trade war with Mexico, but President Trump's retreat is not enough. He must also back off his tariffs on Canada or everyday Americans will see prices going up. Listen to this: Economists predict that President Trump's tariffs are going to raise prices on American families by as much as $1,200 a year. Let me say that again. President Trump's tariffs are going to raise prices on families by as much as $1,200 a year. To President Trump and his billionaire buddies, $1,200 may be chump change, but to most Americans, a $1,200 increase cost would be devastating. For most families, $1,200 could be the difference between putting food on the table or not, between affording medications or doctors' appointments or having to skip them. Americans, do you worry about car prices? The Trump tariffs will raise your car prices. Do you use a car to get to work? The Trump tariffs will make gas prices go up. And we should not listen at all to Donald Trump when he says it is about stopping fentanyl. That is nonsense.…
Source
govinfo.gov




