Jennings: Retirement Savings for So Many People Have ‘Suffered Historic Losses’ in April as a Result of Trump’s Moves

RUSH TRANSCRIPT:
WITT: “You know, kathy California previously filed a lawsuit accusing the administration of escalating a trade war that has caused, quote, immediate and irreparable harm to the state’s economy. What aspect of the Trump tariff policy would do the most damage to your state, to Delaware?”

JENNINGS: “Well. Delaware has roughly. A $15. Billion. Import export. Economy that supports. Over 35,000 jobs. In our state. And what we. Are going to see. Is that people are not going. To be able to afford their groceries. Grocery prices will go up and small businesses will be decimated. In fact destroyed. And while retirement. Savings for so. Many people. Have suffered historic losses in April as a result of many of Trump’s. Moves. What what’s going. To happen. Is that it’s not just Wall Street. This is main street that will be affected. And I’m particularly concerned about small businesses 90% of Delaware’s exporters. Are small and medium businesses in our. They can’t afford to just raise prices. In order to get beyond these tariffs. They’re going to go out of business and there will be a devastating. Economic impact. In Delaware. We have an agricultural economy right now, China, in retaliation for. The tariffs. Has cut. Off the ability of one of our largest poultry producers to export chickens to China. That matters. In. Delaware. And we’re going to see that impact. Across our. Agricultural farms and producers. And we are we are going to fight it because it will have a huge, huge impact. On businesses. And on people at the grocery stores and people buying goods.”