On the recordOctober 28, 2025
I rise to speak about a vote that we will cast in a few hours with respect to President Trump's imposition of a 50-percent tariff on all goods coming from Brazil. President Trump's tariff regime--global tariffs, Brazilian tariffs, Canadian tariffs, tariff deals announced then paused, tariff deals negotiated, exceptions granted and, in some cases, not granted--has created huge chaos in the national economy. Three universities looked at the Virginia economy in the last month, and a summary of those three universities' reports was published in a Virginia publication last week titled ``Virginia's GDP Growth Drops 6.2% to 1.7%.'' And the analysis of this precipitous decline--a 75-percent decline, nearly--in the Virginia GDP in the first year of Donald Trump's Presidency cited a number of factors: mass layoffs of Federal employees and contractors, cancelation of highly valued economic development projects, clawback of research funding and other programmatic funding. But, importantly, a key component affecting the Virginia economy and the national economy right now is the President's chaotic tariff regime. Tariffs are attacks on American consumers; tariffs are attacks on American businesses; and they are attacks that are imposed by a single person: Donald J. Trump. In Virginia, we are seeing it nationally.
Source
govinfo.gov




