Chuck Schumer: “Yesterday, Donald Trump announced what he called a deal with South Korea, and it is very similar to the deals we saw…”

“Yesterday, Donald Trump announced what he called a deal with South Korea, and it is very similar to the deals we saw with Japan and the European Union. It is all talk, no substance; all hat, no cattle. And it raises the costs for average Americans. Now, instead of levying a 25-percent tariff, as he has threatened, South Korea will face 15 percent tariffs. And then he pretends like that is some kind of victory. Fifteen percent is far from a victory because it is American families who are the ones who will have to pay for it in the end. Raising your prices by 15 percent on imported goods--that is a lot of money to a lot of people. In fact, we got some more news this morning. According to the Federal Reserve's preferred inflation gauge, inflation continues to accelerate as Trump tariffs continue to hammer American pocketbooks. That means Americans are paying more. Inflation goes up, the American family pays more. That is because, in part, of Donald Trump's tariffs. That sure doesn't sound like a golden age to me. Just like the supposed deals with Japan and the European Union, Donald Trump has claimed that South Korea will invest billions towards the United States. The problem is, there is no way to enforce what Donald Trump is saying. It is just talk--more talk, no action. That is all he does.”