Chuck Schumer: “Now, Mr. President, Americans woke up this morning to a troubling headline: ``U.S. Inflation Accelerated in June as…”

“Now, Mr. President, Americans woke up this morning to a troubling headline: ``U.S. Inflation Accelerated in June as Trump's Tariffs Pushed Up Prices.'' That is what the New York Times said this morning. We have said from the start that Donald Trump's tariffs are a national sales tax on working- and middle-class families, and now these tariffs are causing inflation to rise, as many of us feared. And there is too large a chance that this tariff increase is just the beginning as increased chaos on tariffs rise. Tariffs raise the price of groceries, add thousands of dollars in additional cost to the average household, and Trump's chaotic approach does nothing--nothing--to make our economy stronger. Even worse, real wages are down for June as Americans pay more for groceries, electricity, healthcare costs, and that is before the ``Big Ugly Betrayal,'' which will steal people's Medicaid, kill jobs, and jack up people's electricity bills. Remember what Donald Trump said on the campaign trail? He said that if elected, he would bring costs down on day one. It is now the middle of July, and inflation is going up. That is the definition of a broken promise.”