On the recordApril 30, 2025
Mr. President, Americans woke up this morning to some very troubling news. The economy shrank in the first quarter of 2025 by 0.3 percent. It shrank. It was growing until now. It shrank. It is the worst quarter in years. Businesses, families, and consumers are bracing themselves for the hammer blow of Donald Trump's tariffs, and it is sending the economy into a tailspin. Today's GDP numbers show that Donald Trump is running America the same way he ran his businesses--into the ground. Before our very eyes, Donald Trump's policies of tariffs and tax hikes are strangling the economy. Donald Trump's first 100 days have been defined by one big ``f'' word: ``failure.'' Donald Trump's first 100 days have been defined by the ``f'' word: ``failure''--failure on the economy, failure to lower costs, failure on foreign policy, failure on democracy, failure everywhere you look. Donald Trump must admit his failure and reverse course and immediately fire his economic team. Otherwise, we will see more of the same: failure and chaos and total incompetence. His tariff strategy?--total failure. China is not coming to the table. Manufacturing is not racing back to our shores. There is no strategy--only chaos. Every day, he changes his mind. One day, he says yes to tariffs; the next day, no. One day, this country is on the list; the next day, that country is on the list. No tariffs. Double the tariffs. On and on and on.…





