'An Economic Fireball': Ron Wyden Blasts Donald Trump Over President Trump's Tariffs

2 days ago

At a Senate Democratic press briefing on Tuesday, Sen. Ron Wyden (D-OR) spoke about President Trump's tariffs.

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00:00Leader Schumer, and I'll be short. First of all, Trump's tariffs have taken the U.S. economy

00:09from being the envy of the world to being a laughingstock in less time than it took to finish

00:17March Madness. I mean, basically, you just turn around and we are trying to basically dig out

00:25from under these incredible experiences so many Americans are having with their 401Ks

00:32and trying to pay for essentials. And today in the Finance Committee, we learned that

00:38the massive global tariffs are going to go into effect tomorrow. And they said, well,

00:45maybe it would be scheduled. And finally, we got them to admit, essentially, right after midnight,

00:52these are going into effect. And they are going to hit millions of Americans with what amounts to an

00:59economic fireball in terms of its power to them. And apropos of what the leader just said,

01:11it seems to me now the Trump administration is squeezing folks who work for a living,

01:18senior citizens and others. They're being squeezed from both sides. The tariffs are hitting them

01:25right now. They're going to get worse tomorrow. And what we tried to do last Friday night is say,

01:32for example, that we were going to protect Medicaid for our seniors. We lost by just one vote

01:40last Friday night. But we are going to be back. Because for all those Americans who I've described

01:48as being squeezed by the Trump administration, we owe them more fairness. We owe them a fair shot.

01:55We owe them an opportunity to get ahead. So I'm pleased to be able to work with our caucus in two

02:02essential areas that go to the Finance Committee. One of them is tariffs. The other is Medicaid.

02:06But we've got to stay at it and mobilize Americans in every corner of the country to make sure that

02:13people on both health and their budgets, which is what the tariffs are all about,

02:18they get a more fair shot in the days ahead. We're going to stay at it until they do.

02:23And as the leader said, we now have a bipartisan resolution that's going to build on the Cain

02:28resolution, but try to accomplish the same thing only for 180 nations, not just one.

'An Economic Fireball': Ron Wyden Blasts Donald Trump Over President Trump's Tariffs

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