Chuck Schumer: “just about an hour ago, the President announced a tariff agreement with South Korea. But if past is prologue, this…”

“just about an hour ago, the President announced a tariff agreement with South Korea. But if past is prologue, this so-called deal with South Korea is one where U.S. families will pay more. It will increase their costs with the rise in tariffs of 15 percent. It is one where bold promises are made that billions in investments will come our way but with no substance to back it up. It seems to be just another one of these so-called deals that hurt the American people. Earlier this morning, we got more warning signs that Donald Trump's foolish trade war is taking its toll on the U.S. economy. According to the New York Times, the 'U.S. Economy Slowed in [the] First Half of 2025 as Tariffs Scrambled Data.' 'Scrambled' is precisely the right word or you might call it chaos because from the moment that Donald Trump announced his so-called 'Liberation Day,' his tariffs have ushered a season of pandemonium for markets, small businesses, retailers, and families. Just today, Ford, one of the biggest American car manufacturers, announced that these tariffs will end up costing the company $2 billion a year. Big retailers like Walmart or Amazon and others have at one point or another warned of price hikes for everyday goods like clothes, appliances, and toys. The American people are worried about the increased costs of the things they buy, and yet these tariffs even raise those costs higher.”