Marcy Kaptur: “Today is the fourth worst day on U.S. financial markets since 2022. It appears the American people are in for a rough…”

“Today is the fourth worst day on U.S. financial markets since 2022. It appears the American people are in for a rough ride. Buckle your seatbelts. Prices are rising already, and our financial markets are turbulent in the wrong direction. Economic recession looms ahead. Unemployment is increasing and so is inflation. It wasn't supposed to be this way. The economic repercussions of the Trump administration's tariffs are far-reaching, and they are biting down already. They threaten to raise prices on everything, including automobiles. I come from an automobile manufacturing center. Increases per car may be $9,000 to $12,000 per car. That is unaffordable. Housing is unaffordable now. Now cars, now other commodities like items that everybody uses--gasoline, lumber, road salt, potash, oil, energy. The U.S. and Canadian economies are interlinked. They are interlinked. These tariffs are propelling prices upwards. We don't want them to go that way. We want to stop the rising prices. High tariffs impose undue strain across the board, and they make American consumers and businesses alike miserable. The cost of living is climbing already, and the economic stability many workers have worked so hard to achieve is being undermined, as I speak. Now, today's news that the stock market took a major nosedive across the board is serious. The Dow is down 900 points, the worst market outcome of this year. But it isn't just this year.…”