The House Dads Caucus held a press briefing on Tuesday on the impact of tariffs on working families.
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NewsTranscript
00:00Good morning. Trump's tariffs are nothing more than a national sales tax on working families.
00:07And because of that, Americans are waking up with less money in their retirement accounts,
00:12higher prices at the grocery store, and less confidence in the economy.
00:16That's what happens when Donald Trump governs by ego, and congressional Republicans stand by and let it happen.
00:23These tariffs aren't part of any real economic strategy.
00:27They're just plain dumb, because they hurt working families, and there's no plan behind them.
00:32Trump's tariffs mean higher prices on everyday essentials, groceries, toys, clothing, appliances, you name it.
00:40It's on everything that a working family relies on.
00:43In L.A., we're still recovering from the devastating wildfires and facing a deepening housing crisis.
00:49And you'll hear from my colleagues today, and they will share how these tariffs are hurting families in their own communities.
00:55Trump's tariffs will also make it more expensive to build and repair homes.
01:01Family-owned businesses, bakeries, and neighborhood markets will also take a hit.
01:05Rising food and supply costs will force small businesses to raise prices on consumers who are already struggling to get by.
01:12Even the toys we buy for our kids, many made outside of the United States, will cost more under Trump's plan.
01:20From the West to the East, the Midwest to the South, parents everywhere are already stretching every dollar just to get by.
01:28And Trump's tariffs don't help American workers.
01:31They just make life harder for the people we represent.
01:34And it's up to Congress to rein in these taxes on working families.
01:38That's why I'm standing with my fellow DAD Caucus members to speak out on behalf of working parents
01:44and to call on congressional Republicans to do their job and join us to reclaim our authority.
01:50With that, I'm going to hand it over to Representative Schneider with not only DAD Caucus member, but the head of the new Dems.
01:57Thank you, Jimmy, and thank you for your leadership in bringing us together as dads.
02:06We're gathering here, talking about what's on the minds of parents all across the nation right now.
02:11How they'll make sure they can keep a roof over their heads, put food on the table, save for their kids' future,
02:18as well as even their own retirement.
02:20And even how they'll care for their own parents as they begin to age.
02:24For families, Trump's trade war and his tariff tax are a five-alarm fire.
02:32Parents right now are already facing huge costs as they raise their kids with the crazy price of child care,
02:38expensive groceries, and skyrocketing college tuition.
02:42Instead of looking seriously at solutions that can help hardworking families not just get by, but get ahead,
02:48Trump is hitting them with a massive, probably the most extensive tax in U.S. history.
02:57The Yale Budget Lab estimates that Trump's tariffs will cost the average American family $3,800, almost $4,000.
03:07For many families, that's more than they make in an entire month.
03:11That's money they're relying on to pay for school supplies, lunches, daycare, birthday presents, afternoon snacks,
03:18and maybe even a trip to see their grandparents.
03:22Many of us up here right now know it's expensive to raise a kid.
03:26Well, Trump's tariff tax is going to make it much more expensive to raise those children.
03:31Toys, car seats, cribs, onesies, baby shoes, high chairs, everything you see on this table,
03:38we can expect to see the prices rise for all of the essential and already expensive goods.
03:45Diapers, we all know infants go through seven to ten diapers in a day.
03:50Trump just added a tax, a daily tax on diapers.
03:53American families deserve relief.
03:55But instead, they're heading to the store in a panic to stock up on these supplies before the prices go up.
04:03Our Republican colleagues here in the House could put a stop to this today.
04:08They could stop it tomorrow.
04:10They could stand up and confront their president from unilaterally setting fire to our economy
04:17and creating what is certainly likely to be a self-inflicted recession.
04:22I joined my colleagues in calling on Speaker Johnson to bring legislation to the floor
04:27that restores Congress's authority, constitutionally mandated trade authority,
04:33and puts the people back in the driver's seat.
04:35And it's now my privilege to turn it over to my colleague, Representative Figures.
04:44Good morning.
04:44Good morning.
04:45These tariffs are yet another example of this administration acting without consideration
04:50of how it's going to impact everyday people across this country,
04:53most certainly not considering how it's going to impact the average person in my home state of Alabama.
05:00Just last year, Alabama exported over $10 million in automobiles,
05:03manufactured across the state, including in Montgomery, Alabama,
05:06which is part of my congressional district.
05:09So a 25 percent tariff on this industry is crippling.
05:13It's something that's going to harm our ability to be able to maximize the impacts of this industry,
05:19one that the state of Alabama has grown to be a leader in this country for.
05:23This trickle-down effect is going to impact the ability of those companies to be able to hire workers,
05:28not only just the people's ability to be able to afford the vehicles.
05:32I represent a state where, in a district,
05:34where the individual median income is just north of $30,000, just north of $30,000.
05:40People cannot afford this tax on their life.
05:44People cannot afford to see almost every good that they rely on to be jacked up in prices.
05:50We simply cannot afford it in the state of Alabama.
05:52You know, these tariffs are estimated by some to be the largest tax at least since 1982,
05:59quite possibly in the history of this nation.
06:02We have never seen this type of recklessness before.
06:06We've never seen this type of disregard for the average, everyday consumer in this country.
06:11Business owners are not going to just suck these expenses up.
06:14They will not.
06:15They're already saying, if I can't pay it, I'm going to have to pass it on.
06:19Well, that gets passed on to me.
06:20That gets passed on to people in Greenville, Alabama, and Evergreen, Alabama,
06:24and Mobile, Alabama, and Pritchard, Alabama,
06:26some of the poorest people in this nation, they simply cannot afford what this administration is doing.
06:33Exports in the state of Alabama, things like shrimp and catfish and other foods, we simply cannot do it.
06:42We have an enormous agriculture industry in my state,
06:45and this is going to make it harder for those companies to succeed,
06:49and it's going to make it harder for people to get by every single day.
06:51And this is at a time where we are seeing this administration and our Republican colleagues,
06:58at the same time they're raising prices on Americans,
07:00they are seeking to take benefits away from the most needy Americans.
07:04They are proposing SNAP benefit cuts that are of a scale that's going to be disastrous for too many families.
07:11They are proposing taking health care away from the people that need it most.
07:16And so this is just adding insult to injury and something that we cannot afford to continue to be able to do.
07:23People need the government to be there for them,
07:25and I'm proud to stand with my colleagues here in the DAS Caucus to do just that,
07:28to advocate on behalf of the people that need it most, to advocate on behalf of families,
07:32to advocate on behalf of parents.
07:34And so with that, I'll turn it over to my colleague from the state of Nevada, Congressman Stephen Horsley.
07:40Well, good morning.
07:44It's an honor to be here with my colleagues from the DAS Caucus.
07:47I want to thank Congressman Jimmy Gomez, also on the Ways and Means Committee,
07:53because we're just trying to bring attention to a very simple but true fact,
07:58and that is life is already too expensive for families.
08:04And dads are bearing a part of that brunt as well.
08:08Barely two months ago, Donald Trump inherited an economy at record highs.
08:14Back then, our allies still considered us friends,
08:18our trading partners still considered us trustworthy,
08:22and working families still had confidence in the future they were building for themselves and their loved ones.
08:28We're here right now, barely two months later, because none of that is true anymore.
08:34A tariff is a tax, and Donald Trump owns these erratic taxes.
08:41But here's the catch.
08:42A tariff is also a tool.
08:44They can be used to protect our workers and our communities.
08:48Trump's choosing to use them to crash our economy instead, and that is terribly unfortunate.
08:56This president campaigned in Nevada on lowering prices.
09:02But how is he governing?
09:05Groceries cost more.
09:06Appliances will cost more.
09:08Cars will cost more.
09:10Clothing will cost more.
09:11And there are open discussions about a looming recession that wasn't even on the horizon when we started this year.
09:19There are studies that show that Trump's tariffs will cost the American family an average of about $3,800 in lost purchasing power each year.
09:32Nevadans expect competence from their government.
09:36Nobody is sitting around eager to waste or spend another $3,800 on Trump's trade war.
09:42In Las Vegas, we're already grappling with higher prices in a housing crisis.
09:47Housing prices dramatically outpace income growth.
09:51In fact, nearly half of all renters spend 35% or more of their monthly income on housing.
09:59For extremely low-income renters, we only have about 14 units for every 100 households who need one.
10:07That's the lowest in the nation by far.
10:11And where incomes have gone up, housing prices have gone up two and a half times more.
10:16So we desperately need more housing.
10:19That's what Congress and this president should be focusing on.
10:23But instead, these tariffs on steel and aluminum, both of which come from Mexico and Canada, are working against us when we talk about the housing affordability crisis.
10:34Right now, the Las Vegas Valley is seeing anywhere from 10% to 15% increases in material costs, with some projections up to 25% in the coming weeks.
10:46That impacts budgets, it impacts timelines, and it impacts who will ultimately be able to afford a home.
10:54There's nothing political about a harmful policy.
10:58This isn't about right versus left.
11:01It's about right versus wrong.
11:04These blanket tariffs are wrong.
11:07And the president, Donald Trump, is wrong for enacting them.
11:11Nevadans deserve better.
11:13The American people deserve better.
11:14And that is why the Dads Caucus is here, because every dad, every parent, in fact, deserves better when it comes to the country that we're leaving our children.
11:24So thank you to Chairman Gomez for your leadership, for bringing us together, and to my colleagues for making sure that we have this opportunity.
11:34And so now I will turn it over.
11:40I'm sorry.
11:41I didn't have the list.
11:42Okay.
11:43All right.
11:44Apologies.
11:44All right.
11:45I'm Congressman Suha Subramaniam.
11:47Thank you to Congressman Gomez and the entire Dads Caucus for organizing us today.
11:53And let me start by stating the obvious.
11:55These revenge tariffs make no sense and are going to make life harder and more expensive for working families on a budget.
12:01I'm a dad with two daughters, and hundreds of thousands of families across Virginia, like mine, are going to feel the devastating effects of these tariffs.
12:09Prices are up at the grocery store already.
12:11Prices are up at the pharmacy.
12:13And prices are up at department stores.
12:15And my girls keep growing.
12:16It feels like they need new clothes every two months, and it gets expensive.
12:20But these tariffs are the largest peacetime tax increase in history.
12:24And who bears the brunt of this?
12:26It's the parents, it's the working moms and dads, and it's the families already stretched thin, barely making rent and putting food on the table.
12:34And many of those moms and dads own small businesses as well, businesses like Mom's Apple Pie, a popular bakery in Loudoun County.
12:41And you know what ingredients and supplies are critical for bakeries to succeed?
12:44Eggs, aluminum foil.
12:45Well, all these supplies are becoming increasingly expensive because of the president's actions.
12:51And it's not just mom's apple pie.
12:53I've spoken to businesses across Virginia that are starting to lay off employees and increase prices on their customers because this administration has made it harder and more expensive to do business.
13:04These tariffs do not liberate anyone from anything but the money in their bank accounts.
13:09And we need to stop making the cost of living higher for families who are already struggling.
13:14So I ask my colleagues to join us in our fight for policies that put our children, families, and family-owned small businesses first.
13:21So let's push policies that actually are pro-business and are actually pro-family, not these tariffs.
13:28I'm going to hand it over to Congressman Derek Tran.
13:30I'm proud to be here with my fellow Dad Caucus members standing up for working families.
13:41I, myself, am a father of three young children under nine, and we are extremely worried about these Trump taxes.
13:49President Trump tariffs are just another example of the fact that this administration seems to have only one tool in their toolbox, a sledgehammer.
13:58Instead of fixing our schools, they dismantled the Department of Education.
14:03Instead of delivering better health care, they cut funding for Medicaid.
14:07And now, instead of investing in American industry, they impose reckless tariffs that will slow production and raise prices.
14:16Companies now face raising costs for parts and materials, making it harder to compete and forcing them to cut jobs or increase prices.
14:24Our national security industry, which employs thousands of people in and around my district in California, will be badly hurt.
14:33Tariffs on foreign parts are driving up production costs for crucial security systems, hurting our military readiness.
14:41If our leadership in defense technology lapses, America will leave our allies out in the cold, while authoritarian regimes gain more power.
14:48However, the facts are very clear.
14:52These reckless tariffs mean that Americans will face higher prices, fewer jobs, and a world that is less safe.
14:59I welcome my Republican colleagues to work with us to adopt a better policy that actually strengthens our economy and make Americans safer and more prosperous.
15:10Thank you so much.
15:11And one of the things I want to kind of highlight is some products that are mostly made outside of the U.S.
15:20As a new dad of a toddler who is two and a half, 98, 99% of all shoes are made outside the United States.
15:27On average, a kid, you know, I didn't realize this, they grow out of their shoes so fast that you're constantly replacing them.
15:35So, an average family will spend about $30 on a pair of shoes.
15:42If you go and you try to find, like, less expensive shoes, maybe you can get down to $15.
15:47But over a period of from age one to age five, a family is spending anywhere from $300 to $800 on just shoes alone.
15:56Think about that, shoes alone during that five-year period.
16:01That's for one kid.
16:02You know, Samari and Derek each have three kids apiece, so just times that by three.
16:07You know, growing up, we didn't have much.
16:09We do also, in my district, we do car seat giveaways because they, this is with nonprofits there, because they know that car seats are very expensive.
16:18Mostly the, almost all car seats are made outside the United States.
16:22So, if we really start looking at how these tariffs are going to impact families with young kids, with the ones that keep growing and need to get their shoes replaced, get diapers every day.
16:35Diaper, a diaper box, $45, right?
16:38And that's when you, like, that's, you get two or three of those a month.
16:41So, it's just going to get more and more expensive.
16:45And that's why we're here to talk about it.
16:48Also, coffee.
16:49And parents are going to be very cranky if they don't get their morning coffee.
16:53So, this is the real concern.
16:55And then what happens is people pull back.
16:57They exchange more expensive products for less expensive products or they cut it out completely.
17:03You see revenue decline in small businesses.
17:06Those revenues that decline, you're going to have to, then those owners are going to have to decide, hey, do I pull back on hours, raise prices, or cut jobs or positions altogether?
17:16That's how we end up in a recession.
17:18And people, and that's why we're here to really kind of emphasize that.
17:21Because this, it's going to fall mainly disproportionately on people on the lower end of the economic ladder.
17:28So, with that, if there's any questions to any member.
17:30To Congressman Horsford specifically, your district and your state relies very heavily on tourism, especially around the Las Vegas area.
17:40I was wondering if you could talk about what the recession back in the early 2000s looked like for a state that relies so heavily on tourism.
17:49Thank you for bringing that up.
17:51A couple of things, in fact, you know, last week I met with the head of travel and tourism for Southern Nevada
17:59and all the major properties to talk about the impact of the tariffs, but also this administration's erratic policies on immigration,
18:09specifically around visas.
18:11The impact in Canada, for example, is already seeing a decline.
18:15And about 25% of the visitors to Las Vegas, the international visitors to Las Vegas, are from Canada.
18:23And so, again, this president promised Nevadans when he campaigned that he was going to, you know, lower costs,
18:31that he was going to focus on the economy, that he was going to help grow our industries.
18:36And, in fact, the opposite is happening right now.
18:38Specifically to your question around what happened during the housing collapse in 2008 and the pandemic.
18:46Look, for the first time, the Strip in Las Vegas, the doors of our properties closed during the pandemic.
18:54That was also during Trump's presidency the first time.
18:58And because he didn't take the responsible actions then, our city paid the price.
19:06But just think about that for a moment.
19:08Those were unavoidable events.
19:11This is a choice.
19:13This president decided, apparently, with not a lot of advisors around him, to enact these erratic tariffs,
19:23misrepresent the trade war with certain countries, including our closest trading partners, Mexico and Canada.
19:34And because of that, Americans are going to pay the price.
19:38So, yes, we are extremely concerned about how this will affect travel and tourism at a time when we thought we were back after the pandemic.
19:48I talk to hospitality workers all the time.
19:52So, now they are worried if we go into a recession, will people stop traveling.
19:57And our city is known to be a place where people go even when there is a recession, but not if they can't afford basics like diapers, shoes for their kids, the basics.
20:10If they don't have that, there's no trip to Las Vegas.
20:13Thanks, Mr. Jones.
20:16Speaker Johnson has made clear, as recently as yesterday, that he supports Trump's policy.
20:23He trusts him to play this out over the course of the long game.
20:27And with that in mind, he's not going to put anything on the floor that would restore Congress's authority over trade and tariffs.
20:34There are Republicans, however, who support your position in the House and the Senate.
20:38I'm wondering if you were in discussions with any of them about forcing a vote via this truck petition or some other gimmick we've seen that's given 218 signatures recently.
20:49Yeah, I think there are discussions.
20:51But one of the things we want to do is continue the pressure because a lot of them are still not feeling the pressure from the constituents that they need to feel in order to vote their conscience and their districts against the Trump administration.
21:04So we're going to keep forcing this as an issue, and I think there are plans to have a vote on this.
21:12But it has to kind of percolate for a little bit.
21:15And as long as Trump keeps these tariffs in place, I think it's going to be – we're going to get more and more support.
21:22He announced an additional 50 percent tariffs on China if they don't respond by tomorrow.
21:28Well, there are some tariffs that have already been in place since his first term and that Biden increased a little bit.
21:37You're going to see those probably go up to 200 percent.
21:40Think about it, 200 percent tariffs on some good.
21:42So this is going to be – it's going to get really ugly and messy.
21:46And in my interpretation being on – to the committees I'm on, China has been preparing for this trade war since the last Trump administration.
21:57They're not – and also, nations don't make decisions solely based on economics.
22:03They base it also on national pride.
22:05So people don't like to be bullied.
22:07Even our neighbors from the north don't like to be bullied.
22:09So we're going to keep up the pressure on the Republicans to get more because right now I'm pretty sure if one of them speaks up, it's for political purposes,
22:20and they'll get slapped back into place by Trump or Elon Musk pretty quickly.
22:27So there's a safety in numbers, so it can't be one or two.
22:31It has to be at least a dozen for them to hold strong.
22:34Do you want to add something?
22:38So Representative Gomez and I serve on Ways and Means, which has jurisdiction over trade.
22:44And it is not in a recent event that Congress ceded its authority to the administration on trade.
22:50It's something that's been happening across time, but it's something we need to bring back.
22:54Our biggest challenge is that for the Republicans, they seem to believe that they serve at the pleasure of the president,
23:00that as long as they have Trump's trust, they have their office, forgetting that we serve at the pleasure of our constituents,
23:07the people who sent us here representing each of our districts.
23:10And as they look at the impact that these tariffs are having back at home, whether it is a rural community, farmers who depend on access to global markets to make ends meet,
23:23to cover their costs and achieve a little bit of a profit, or it's in urban communities where you're going to see factories shut down or already seeing layoffs in places like Stellantis announced a 900-person layoff.
23:39The pain is real, and it's only going to get worse.
23:43You look at the products sitting on this table, every one of them is going to be more expensive.
23:48My coffee subscription, I got the email yesterday, went up not a little bit, went up 18 percent.
23:53All right, so people – someone mentioned that if you take away a parent's coffee, they're going to be cranky.
24:01I think everyone's going to be cranky as they see those prices rise.
24:05Until that pressure is applied to the representatives, saying this is not what we voted for, the election last November was about lowering costs,
24:14making it easier for families to make ends meet and get ahead.
24:17And what the President is doing is making it harder for families to feed their children, to provide their health care, to put the roof over their head.
24:25Until we see that pressure, I don't think we're going to see Speaker Johnson do anything that the President doesn't tell him to do.
24:33It's unfortunate.
24:34We'll continue to apply that pressure.
24:36We need Congress to retake its authority, authority defined in the Constitution,
24:39and put us on a track that grows our economy, creates opportunities for the workers of the nation,
24:46but does it in a way that gives us a chance to access markets around the world.
24:51Anybody?
24:53A quick follow.
24:55As you mentioned, the effects have been pretty immediate.
24:58So how long do you anticipate this pressure will take to build?
25:01Are we talking days, weeks, months?
25:02Well, we are – I think it's – the way it's going, it's probably going to take, you know, a few weeks.
25:08But I think a lot of these members are going back to their districts next week.
25:12And I think that people are going to get an earful about these tariffs.
25:17And also, there are individuals that are on the right that we disagree with them on almost every issue,
25:23from the guy from Barstool Sports to some of these really conservative commentators that were there for Trump and the Republicans and the MAGA movement.
25:33Now they're saying this is insane, right?
25:35They're not saying they're going to vote Democratic, but the more and more they're kind of bringing this up,
25:41maybe it will cause some of these Republicans to flip.
25:45People have to remember that the people we need to win over don't necessarily watch our cable shows,
25:52read our newspapers, go listen to our podcasts.
25:55So we have to go to them, but at the same time, when these figures in that right-wing blogosphere alternative media
26:07start kind of turning on Trump, I think that's going to cause the movement we need.
26:13Anything?
26:15Markets just opened up about 300 points up from where it closed yesterday.
26:18What's your initial reaction?
26:19I'm not surprised.
26:21I think that when people look at bargain basement prices when it comes to some companies,
26:27people are going to buy those stocks.
26:29My curiosity is what the stock market looks like when China and other countries start actually retaliating
26:36with their own tariffs and their own countermeasures.
26:40And what's already been lost.
26:42And what's already been lost.
26:43How is it?
26:43$10 trillion?
26:44I forget what it is.
26:45And here's the thing, trade wars, Trump always said, oh, they're easy to win.
26:51Yeah, except when the other side starts firing back, right?
26:55And I think that people, some countries are tired of it.
26:59Some are trying to get out of, stay out of the way, stay out of the crossfire.
27:02But I think in the end, you're going to see this thing escalate, unfortunately.
27:06And people are going to lose.
27:07I'm going to add something on that, too.
27:09What Representative Horsford pointed to.
27:12We had a healthy economy at the end of 2024.
27:19The Economist had a cover in October that said the American economy was the envy of the world.
27:25We had lifted the entire global economy out of the doldrums from the pandemic.
27:31And the decisions that President Trump has made has taken a bull market that has been sustained over time and, in a matter of days, turned it into a bear.
27:43As of yesterday, the NASDAQ, the S&P, and the Dow were all in bear territory.
27:48So what we're seeing is a pause.
27:50I think what you see the market doing is looking to see what is the next step.
27:54Is the President – the question everyone's asking is, are these tariffs permanent?
27:58Are they a negotiating tactic?
28:00The more increasingly apparent that the President sees these as permanent, as something that's going to be in our future,
28:08I think you're going to see that we stay in that bear territory.
28:12As companies have to make the hard decisions, are they going to invest in a new piece of equipment or a new line?
28:17Are they going to hire new people, or are they going to have to hunker down because of the President's what I'll call irrational and capricious tariffs?
28:28I think you're going to see the economy in for a long run.
28:30So my hope is the President is convinced to change course, that Congress takes action and takes its responsibility back,
28:40and we can get the economy moving forward in a constructive way.
28:43And the stock market isn't the only economic indicator, right?
28:46So what else are they looking at?
28:49There was a survey by Moody's that said that there was more negative sentiment from corporations that the economy was going to get into a recession.
28:57That was, like, the first time in years that's been the case, more negative than positive.
29:04Consumer confidence is down.
29:07So banks have just issued warnings.
29:11I think now we're at a 45 percent likelihood of a recession.
29:14No, 65.
29:15Now 65?
29:16Well, now 65.
29:17Right.
29:18They said 60.
29:20Goldman said 45.
29:22If the tariffs are temporary, if they're permanent, they said we're in recession.
29:27Yeah, so this is the stock market going up and down does fluctuate, but that costs people their retirement.
29:35But the little bit of spikes is not enough to offset what we're already seeing as a decline in economic growth going into a recession with higher inflation.
29:46You guys do the math.
29:47There's a term for that one.
29:48So with that, if there's any other questions, last question, if not, thank you so much, everyone.