On the recordApril 10, 2025
Mr. President, when it comes to new tax breaks for billionaires, Republicans are going to work around the clock and stay through the night. But when it comes to stopping Trump's trade war for good, when it comes to stopping a tax increase aimed squarely at working families, when it comes to stopping the complete uncertainty that is chipping away at confidence in our economy, most Republicans can't be bothered, never mind that Trump is now pushing us into a recession and sending the markets whipsawing back and forth every time he tweets. Trump may be retreating now from some of his most outlandish tariffs, but make no mistake, his trade war is far from over. First of all, he is still taxing goods from every country, across the board, at 10 percent, at least. That means higher prices and serious pain for families and small businesses across our country; not to mention, he is only escalating his boneheaded trade war with China with 145 percent tariffs. There is no question we are in fierce competition with China. I chaired a committee hearing focused on this. We need to be competing to win. But that is not what Trump is doing. Do my Republican colleagues understand it is not setting America up for success to launch an all-out trade war with the second largest economy in the world on a whim? While people might be temporarily relieved by this so-called pause on the even higher tariffs, the fact of the matter is that Trump is only delaying them.…





