Senate Minority Leader Chuck Schumer, D-N.Y., slammed Trump in remarks on the Senate floor this morning over his latest trade deals with other countries.
Schumer said about the new deal with South Korea, “Instead of levering a 25% tariff as he threatened, Donald Trump says South Korea will face 15% tariffs. And then he pretends like that’s some kind of victory. 15% is far from a victory, because it is American families who are ones who are going to have to pay for it in the end.”
Schumer said raising prices by 15% on imported goods is, he said, “a lot of money to a lot of people.”
“Inflation continues to accelerate as Trump tariffs continue to hammer American pocketbooks,” Schumer said. “That means Americans are paying more. Inflation goes up, the American family pays more. That’s because, in part, of Donald Trump’s tariffs.”
He added, “Four months since Donald Trump’s so-called Liberation Day, his trade war has been an experiment in chaos, dishonesty and inflation.”
