Schumer: 'The Senate Will Vote On A Resolution... To Undo Donald Trump's Tariffs On Canadian Goods'

2 days ago

Senate Minority Leader Chuck Schumer (D-NY) promotes a Senate resolution to undo President Trump's Canada tariffs.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00And I am joined by Senators Cain, Wyden, and Klobuchar, and thank them for joining me today.

00:11So, soon the Senate will vote on a resolution from Senators Cain, Klobuchar, and Warner

00:19to undo Donald Trump's tariffs on Canadian goods.

00:23I proudly support this resolution because these tariffs are a tax increase on American families, plain and simple.

00:31And why? Why do they want to do this? Why do they want to raise the prices?

00:36The cost that American families pay is now estimated, if they do them all, at $5,000 a year

00:42simply to give a tax cut to Trump's billionaire friends paid for by average working American families.

00:53Donald Trump's tariffs, as we said, $5,000 a year. Some of the estimates are higher.

01:00That's a more conservative estimate. Families are going to pay more for groceries and gas, for a car.

01:08Families that sit around the table Friday night worrying about their future.

01:13Can they afford a new car? Can they take a vacation to see grandma?

01:19Are now holding back because these tariffs will take that money out of their pockets

01:26and put it in the hands of Trump's billionaire friends.

01:29And it's also going to hurt jobs.

01:326.5 million jobs would be impacted just by the Canada tariffs, according to the New York Times.

01:39And guess who will be particularly affected? People in red states. People in red states.

01:45It's going to hurt farmers, as Amy Klobuchar has pointed out.

01:48It's going to hurt small businesses. It hurts all businesses.

01:52Because business people, whether they're small businesses, large businesses or everything in between,

01:57they want certainty. These tariffs, the chaos by which Trump says,

02:02on one day they're this, on the next day they're that, maybe this country, maybe that country,

02:07create the kind of chaos that businesses hate.

02:10And you don't have to listen to us. Listen to Republicans. Rand Paul.

02:15Tariffs are simply attacks. Senator Mueller put it plainly.

02:19Tariffs are attacks and it will be passed on to consumers.

02:24And guess what President Trump said? He said he couldn't care less if prices go up on American families.

02:31Well, Donald Trump may not care, but we do.

02:34And we're fighting him tooth and nail on these tariffs.

02:39Every single Senate Republican should support Tim's resolution and support American families.

02:46We know Trump is very worried about the resolution.

02:50Just recently, just in the last few hours, he tweeted his fearful decree to Congressional Republicans.

02:57He knows they might lose here in the Senate.

03:00So he's worried and he demanded all Senate Republicans to vote against this resolution,

03:06which would be a vote against American families.

03:09That's what Donald Trump's asking him to do, because he doesn't care about American families.

03:14And he said it himself.

03:17Let's call Trump's taxes for what they really are. Tax hike on families.

03:22I hope the American people listen to Trump when he says American families want, he wants American families to pay more.

03:31I hope they're listening to what he says.

03:33I hope they understand he wants to increase their financial pain and he's good at doing it.

03:39The stock market's in turmoil. People are worried about their IRAs.

03:43Consumer confidence is down and expectations for the future are historically low.

03:49The odds of a recession have increased.

03:52Where are Senate Republicans? Where is their outrage?

03:57They should be demanding, as we are, to protect American families.

04:02Democrats certainly are, and so I'm proud to join this resolution.

04:07I just want to say, Tim Kaine has been just stellar, crystalline in his pursuit,

04:16understanding this issue way in advance, and his relentless pursuit, and that's why we are here today.

Schumer: 'The Senate Will Vote On A Resolution... To Undo Donald Trump's Tariffs On Canadian Goods'

Category

Transcript

Recommended